I agree - but at the same time I'm sitting here scratching my head asking is it?
When people reference the "oil cycle" I can only look backwards and remember when oil was 100 dollars a barrel or a little more for a period of time...
We are literally 90 dollars a barrel today and the stock is trading at prices which are laughable. Oil is not going to go that much higher from here.....so realistically we are already seeing the best oil prices we are likely to see on average.
yet the stock doesn't move.
So....wtf is up with that/
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Last
$7.50 |
Change
-0.010(0.13%) |
Mkt cap ! $24.35B | |||
| Open | High | Low | Value | Volume |
| $7.52 | $7.54 | $7.43 | $48.42M | 6.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7037 | $7.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.51 | 45481 | 3 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$7.51 |
Change
-0.010 ( 0.09 %) |
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| Open | High | Low | Volume | ||
| $7.52 | $7.53 | $7.43 | 1386032 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| STO (ASX) Chart |