both charts for TPD and STX looking pretty sickly at the mo....BUT, the vol is very low so I'm not panicking yet - by any measure!
If these two were selling off on serious volume, It would be a different story but that ain't happening! However, if there is an across-the-board market sell-off, then of course, nothing is safe, it all goes for a swan dive - regardless of fundamentals!
For now, let's not forget, that whenever there is big money to be made, sharks will circle! And, there is big money to be made in the Perth Basin! It doesn't matter if you are using gas for domestic electricity, LNG, mineral processing, or all three, energy is the currency of PB billionaires/Corporates at present, and STX & TPD have that in spades!
TPD Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held