- 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
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Mkt cap ! $24.29B |
Open | High | Low | Value | Volume |
$7.51 | $7.54 | $7.48 | $30.18M | 4.024M |
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2 | 3936 | $7.48 |
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1 | 1000 | 7.480 |
4 | 5638 | 7.470 |
6 | 8843 | 7.450 |
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7.520 | 10000 | 1 |
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