Guys, in agreement with others, I believe the direction of the price of oil will determined the direction of the price of this stock.
The question i would have is;
A) at what price does the underlying commodity become uneconomical to produce?
I believe we are approaching that time. It may churn for a while.
I find it intriguing that practically ALL commodities have fallen at the same time; ie has every single one has been oversupplied at the same time? I would dare to think that sentiment/world politics/price games has ALSO played a major role into the masses believing this is the case. As far as I am concerned when we are talking "this time is different" it is the time to start accumulating. I believe Worley will survive and more importantly gain market share.
I bought a parcel at $7.90 for a long term hold.
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Last
$14.48 |
Change
-0.015(0.10%) |
Mkt cap ! $7.607B |
Open | High | Low | Value | Volume |
$14.51 | $14.60 | $14.42 | $12.79M | 880.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 1562 | $14.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.48 | 489 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 2684 | 14.460 |
15 | 3933 | 14.450 |
8 | 2401 | 14.440 |
12 | 3239 | 14.430 |
10 | 5689 | 14.420 |
Price($) | Vol. | No. |
---|---|---|
14.470 | 2111 | 17 |
14.480 | 1760 | 11 |
14.490 | 2361 | 12 |
14.500 | 2521 | 13 |
14.510 | 2457 | 13 |
Last trade - 13.14pm 22/08/2024 (20 minute delay) ? |
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