pear-about the only thing keeping US shaleoil producing,even when running at a loss, is they have taken massive hedge bets a while ago covering for this actual calamity.basically,it means US shale can still "profit" at $70,but,there is a lot of hedge betting to clear,so you will see a lot of overproduction for a lot longer.
the really good news is that eventually prices will get back to reality,but investing in energy stocks at the moment,could be very volatile for some considerable time .
cheers crazypunter
pear-about the only thing keeping US shaleoil producing,even...
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Last
$6.72 |
Change
0.030(0.45%) |
Mkt cap ! $21.82B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.77 | $6.72 | $43.42M | 6.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55681 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 10465 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |