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THE ONLY WAY IS UP., page-26

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g12m0

3,875 Posts.

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21/08/21

13:42

Post #: 55465973
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Originally posted by ANTON707 ↑

I can see the bearish narrative on POO short term rolling out . But then as demonstrated in 2020 all these drops in consumption are not permanent…what is permanent instead is the chronic lack of capex spend which inevitably will create a supply shortage especially on the gas side. Last LNG train in OZ was inpex sanctioned in 2011…we have pretty much a 10 years black out…in 10 years what is the world population growth…how many coal PP been shut down…renewables growing but can’t offset yet the drop from coal, it’s going to be a significant shortage at some point. One option could be to sell and then pick the bottom, how easy is that to achieve ?

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POO still reasonable. Around A$95 per barrel (includes extra premium).

BPT Price at posting: $1.08 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last $1.58		Change -0.005(0.32%)		Mkt cap ! $3.604B

Open	High	Low	Value	Volume
$1.59	$1.60	$1.58	$2.602M	1.643M

Buyers (Bids)

No.	Vol.	Price($)
43	458697	$1.58

Sellers (Offers)

Price($)	Vol.	No.
$1.58	79797	18

View Market Depth

No.	Vol.	Price($)
37	448868	1.575
31	359514	1.570
19	222725	1.565
18	410787	1.560
5	64371	1.555

Price($)	Vol.	No.
1.580	80522	12
1.585	205951	32
1.590	245785	25
1.595	254087	29
1.600	371031	28

Last trade - 12.16pm 07/05/2024 (20 minute delay)


Last $1.58			Change -0.005 ( 0.15 %)
Open	High		Low	Volume
$1.60	$1.60		$1.58	479619
Last updated 12.30pm 07/05/2024 ?

BPT (ASX) Chart

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