I gotta be honest, I would feel more comfortable if more people were saying how foolish it is to buy ORG at $4.6.The market does not yet believe, ORG has marked down the price of APLNG based on $60 long term oil price. It's been such a long painful down cycle for oil but eventually the lack of investment over the last 6.5 years is going to bite everyone in the ass.
I think the market suspects that Saudi and U.S. tight oil could again oversupply the market and that's a definite possibility. Will have to keep an eye on developments.
Origin Energy Stategic Positioning, page-130
-
- There are more pages in this discussion • 81 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ORG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$9.72 |
Change
0.090(0.93%) |
Mkt cap ! $16.74B | |||
| Open | High | Low | Value | Volume |
| $9.58 | $9.74 | $9.54 | $18.08M | 1.867M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20579 | $9.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.74 | 4798 | 3 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ORG (ASX) Chart |