Not that I expected to post so soon after "goodbye" (& no comps to John Farnham or any BS about downramping etc.) BUT ... keep an eye on the dislocation and liquidity (or lack thereof) in the commodity markets with the major trading companies ... and specifically companies such as Vitol, Trafigura, Gunvor, (and Shell, BP,..). This is old news (as in last week)
Sure its Natgas & Power .. not oil .... and its Europe ... not US & GoM ... but these are global firms and cash makes no distinction on product or market (GFC anyone ... did it matter that it was just a big heap of bad mortgages in the USA). The margin calls have and continue to be made.
It's also noted that "the amount of outstanding futures linked to oil has dropped to multiyear lows in recent weeks".
IMO this might help explain why O&G E&P companies are not rocketing upwards and only marching upwards. An illiquid market is a bad risk for all participants.
Not that I expected to post so soon after "goodbye" (& no comps...
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.93M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 7614027 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 12016129 | 19 |
View Market Depth
| Last trade - 09.36am 05/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |
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