"Business acumen" "POO" are BOTH essential FUNDAMENTALS for the success of any oil producing company, especially when cash is at a premium and the SP is floundering close to zero.
This fundamental scenario in which TEG management finds itself will seriously challenge their "acumen" and most certainly the loyalty of their shareholders in coming weeks.
The company has made a great move forward but is barely marking time in this present climate and unless you are going forward and making progress you very quickly start going in reverse.
Let's see how that "acumen" plays out as that will most certainly be tested long before the POO impacts either way.
TEG - Its all about the oil price, page-30
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Change
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Mkt cap ! $36.26M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 1.9¢ | $5.119K | 260.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4130315 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 1952314 | 6 |
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| Last trade - 14.47pm 15/07/2024 (20 minute delay) ? |
| TEG (ASX) Chart |