An alarming article i came across this morning which i thought members of the MAY forum may be interested in.
https://finance.yahoo.com/news/jpmorgan-sees-stratospheric-380-oil-195936502.html
It's obvious to me that we are currently invested in a company (MAY) that might be at the right place at the right time with the right product, with the share price still not where it should be if you compare to contemporaries like 88E. Even if oil stays where it is now, the fact we have an onshore well that is easily recoverable at a marginal price it doesn't take much imagination to see where this could end up.................and if oil goes to $380, the price of MAY is any ones guess. Onwards and Upwards Comrades!
JPMorgan Sees ‘Stratospheric’ $380 Oil
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Last
5.3¢ |
Change
0.003(6.00%) |
Mkt cap ! $178.6M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.0¢ | $154.8K | 2.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 113206 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
0.003 ( 4.33 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.4¢ | 5.0¢ | 1347067 | ||
| Last updated 15.56pm 03/05/2024 ? | |||||
| MAY (ASX) Chart |