- 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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$1.14 |
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Mkt cap ! $2.589B |
Open | High | Low | Value | Volume |
$1.15 | $1.16 | $1.13 | $8.810M | 7.727M |
Buyers (Bids)
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3 | 46969 | $1.14 |
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Price($) | Vol. | No. |
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$1.15 | 82338 | 3 |
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No. | Vol. | Price($) |
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3 | 46969 | 1.135 |
8 | 119559 | 1.130 |
8 | 213054 | 1.125 |
6 | 78877 | 1.120 |
3 | 40596 | 1.115 |
Price($) | Vol. | No. |
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1.145 | 82338 | 3 |
1.150 | 108850 | 4 |
1.155 | 45836 | 4 |
1.160 | 69665 | 7 |
1.165 | 85672 | 5 |
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