Energy world changing very quickly with Woodside/Santos merger under discussion.
Potential Woodside Santos merger means:
Investors have to start supporting juniors as alternate investment opportunities- can’t have entire Energy exposure in one big stock so some money has to flow into smaller names.
Juniors need to bulk up - for liquidity, growth and scale - and also to become investable for generalist funds - so expect rapid consolidation amongst few remaining relevant names - to create investable second tier
Merger allows new Woodside better funding ability, more political clout (needed to deal with bad / hostile policy), and better ability to compete internationally - especially in LNG markets- idea is to create national champion
Merger also highlights lack of organic growth projects in domestic industry due to lack of market support, geo-maturity and political mismanagement .
At least apart from the Canning and Beetaloo (leaving soon). Definitely a case of use it or lose it.
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Last
9.2¢ |
Change
-0.004(4.17%) |
Mkt cap ! $61.09M |
Open | High | Low | Value | Volume |
9.2¢ | 9.2¢ | 9.1¢ | $4.698K | 51.16K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 68083 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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9.6¢ | 148144 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 68083 | 0.092 |
3 | 63600 | 0.090 |
2 | 34000 | 0.089 |
3 | 55000 | 0.088 |
2 | 70000 | 0.087 |
Price($) | Vol. | No. |
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0.096 | 148144 | 3 |
0.097 | 16000 | 1 |
0.098 | 769230 | 1 |
0.099 | 153686 | 2 |
0.100 | 215053 | 1 |
Last trade - 11.27am 22/05/2024 (20 minute delay) ? |
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Last
9.0¢ |
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Change
-0.004 ( 0.11 %) |
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Open | High | Low | Volume | ||
9.1¢ | 9.1¢ | 9.0¢ | 58696 | ||
Last updated 10.25am 22/05/2024 ? |
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