BA-Merrill Lynch rates NXS as Neutral, High Risk - The broker has increased its 2009 average oil price forecast by 5% (US$61.80/bbl) and 2010 by 13% (US$85/bbl). The long term forecast rises 4% to US$80/bbl but when adjusted for the Aussie dollar forecast, falls 8% to A$94/bbl.
Tight supply and loose monetary policy provides the possibility of an oil price spike to US$100/bbl into 2011, the broker suggests.
Nexus's target decreases from 41c to 38c.
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Mkt cap ! $70.11M |
Open | High | Low | Value | Volume |
21.5¢ | 21.5¢ | 21.5¢ | $982 | 4.567K |
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No. | Vol. | Price($) |
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1 | 4761 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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23.0¢ | 320 | 1 |
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No. | Vol. | Price($) |
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1 | 4761 | 0.210 |
2 | 15409 | 0.200 |
2 | 56205 | 0.195 |
3 | 48763 | 0.190 |
1 | 54000 | 0.185 |
Price($) | Vol. | No. |
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0.230 | 320 | 1 |
0.245 | 11838 | 1 |
0.250 | 19081 | 3 |
0.255 | 75000 | 1 |
0.270 | 61438 | 2 |
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