- The global energy market crashed in 2020 as weak demand, ramped-up production, and the COVID-19 pandemic sent oil prices tumbling
- The sector gradually recovered in the 12 months after the crash, but U.S. petrol has hit a massive supply crunch just this month after a major cyberattack against fuel pipeline operator Colonial Pipeline
- Yet, the Australian government has pegged the energy market as one of the catalysts for the nation's COVID-19 economic recovery
- Prime Minister Scott Morrison and Energy Minister Angus Taylor have outlined a string of government measures to prop up the energy sector in coming months and years
- On top of this, analysts like Deloitte, UBS and Goldman Sachs are all predicting rising oil prices over the next few years
- Given the ASX energy sector is still far below its pre-pandemic glory, the energy market could present a unique opportunity to Australian investors
- On the upper end of the market, the likes of Santos (STO) and Beach Energy (BPT) could offer relatively safe but smaller gains to investors
- On the junior, more speculative side of the market, the likes of State Gas (GAS), Australis Oil and Gas (ATS) and ADX Energy (ADX) are on watch by investors
- Whether ASX investors opt for safe or speculative plays, the energy market has been largely overlooked in Australia's COVID-19 market recovery so far
Read the Full Article on The Market Herald here
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- The “gas-fired” investment opportunity in the Australian energy sector
The “gas-fired” investment opportunity in the Australian energy sector
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Last
$7.44 |
Change
0.165(2.27%) |
Mkt cap ! $24.04B |
Open | High | Low | Value | Volume |
$7.34 | $7.47 | $7.32 | $40.24M | 5.432M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 59644 | $7.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.44 | 52151 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
48 | 57687 | 7.430 |
36 | 34018 | 7.420 |
24 | 59048 | 7.410 |
23 | 56664 | 7.400 |
16 | 114550 | 7.390 |
Price($) | Vol. | No. |
---|---|---|
7.440 | 58376 | 29 |
7.450 | 66398 | 25 |
7.460 | 54049 | 13 |
7.470 | 116765 | 18 |
7.480 | 41677 | 8 |
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