Oil price took off.
USA Shale ramped up.
Saudi's opened the taps tocausing the oil price to retreat.
- maintain market share
- cripple the higher cost shale producers
Was this behind the 2008 retracement?
I think it was 2008, but don't have the time to check.
Looks like US shales have been high-graded, page-20
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $324.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $196.8K | 983.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1137937 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 168638 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |