In the fin review, they stated that spot gas price in Asian has gone up 35% due to the possible gas reservation by the Aus government. It should in theory help ORG sp in the longer term. Also there are a fair few articles of late, written by so called experts, that expect the POO to get up and hold around the $60.00-$65.00 mark by the end of the year. Consumption of oil has risen by 1.5mb a day and demand in Asia is growing, especially India.
Here is hoping.
Spot Market Gas Price
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 (20min delay)
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Last
$9.80 |
Change
0.160(1.66%) |
Mkt cap ! $16.88B | |||
| Open | High | Low | Value | Volume |
| $9.63 | $9.84 | $9.58 | $35.58M | 3.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11287 | $9.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.80 | 18049 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$9.80 |
Change
0.160 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| $9.60 | $9.84 | $9.57 | 1112655 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| ORG (ASX) Chart |