I would not be concerned about the current downturn in oil prices.World oil supply is on a knife edge, with only 500k barrels of oil per day leeway.Any slight uptick in demand or disruption to supply will see prices heading north.Oil is a very highly traded commodity and thus is subject to massive market manipulation.As for gas, with Japan shutting down all but one of its nuclear power stations, the alternative for them is gas.Germany will also close all of its nuclear power stations by 2020.Some of those will go to gas powered plants, and sadly brown coal.Australia faces a looming domestic gas shortage.I am not at all concerned about the current supply/demand situation for oil and gas, as I see it as being temporary.Long term companies like Buru have a very bright future.Time to accumulate in my opinion.
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Last
8.5¢ |
Change
-0.005(5.56%) |
Mkt cap ! $57.06M |
Open | High | Low | Value | Volume |
9.0¢ | 9.0¢ | 8.5¢ | $51.04K | 589.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 26841 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 79111 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 26841 | 0.085 |
1 | 200000 | 0.084 |
2 | 15000 | 0.083 |
1 | 200000 | 0.082 |
2 | 65000 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 79111 | 1 |
0.090 | 47856 | 1 |
0.092 | 25000 | 1 |
0.093 | 57818 | 1 |
0.094 | 104378 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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BRU (ASX) Chart |