- 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
$9.64 |
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Mkt cap ! $16.60B |
Open | High | Low | Value | Volume |
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4 | 12887 | $9.60 |
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3 | 1529 | 9.600 |
1 | 4002 | 9.580 |
2 | 2677 | 9.560 |
3 | 1650 | 9.550 |
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9.650 | 500 | 1 |
9.670 | 50 | 1 |
9.700 | 18475 | 6 |
9.790 | 1658 | 3 |
9.800 | 52067 | 10 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Open | High | Low | Volume | ||
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