re: going to tank hard I agree QAN is over priced right now. There is way too much risk, though most of it is probably priced into the shares. Nevertheless, this latest rise is probably a combination of short covering, retail investors thinking the bottom has arrived and a bearish view of oil prices. In terms of oil prices though we are just entering a dangerous phase - Iran holds the key of pain in 4m bbls/day and may use them shortly, the US driving season is over and refineries are switching to home heating oil production, hurricane season has been mild (so much for global warming?!). But give the Iran thing a nudge, a cold spell in No. America and one hurricane and the price will be above $80USD in no time.
re: going to tank hard I agree QAN is over priced right now....
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Last
$5.97 |
Change
0.050(0.84%) |
Mkt cap ! $9.695B | |||
| Open | High | Low | Value | Volume |
| $5.95 | $5.97 | $5.92 | $3.308M | 556.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 27451 | $5.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.97 | 15762 | 23 |
View Market Depth
| Last trade - 11.24am 25/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |