- 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
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.87M |
Open | High | Low | Value | Volume |
1.3¢ | 1.4¢ | 1.3¢ | $4.695K | 342.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2484863 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 551012 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2484863 | 0.013 |
8 | 5223165 | 0.012 |
4 | 233464 | 0.011 |
5 | 1750000 | 0.010 |
1 | 1000000 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 551012 | 3 |
0.015 | 1532716 | 6 |
0.016 | 2312314 | 9 |
0.017 | 2964563 | 3 |
0.018 | 638158 | 4 |
Last trade - 15.44pm 23/04/2024 (20 minute delay) ? |
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