I'm underwater in ORG.
A while ago I looked at selling because my shares were going nowhere. Fairly boring at the time but I held on to them in expectation of those future gas sales.
Whoops, i got caught but with a diverse portfolio i can wear the loss.
Personally I won't be taking up the full entitlements as too much shareholder value has been destroyed by the companies punt on future gas prices and demand.
The raising is to bail them out in the short term. They will still have debt.
Considering the income they receive for that gas at current prices might only be a break even situation, things don'y look too good to me in the medium term.
Then again what would I know, the big drop in oil price caught me unawares.
I'm underwater in ORG. A while ago I looked at selling because...
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Last
$10.77 |
Change
0.080(0.75%) |
Mkt cap ! $18.55B | |||
| Open | High | Low | Value | Volume |
| $10.71 | $10.77 | $10.71 | $24.52M | 2.281M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8297 | $10.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.77 | 8847 | 3 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ORG (ASX) Chart |