I like it at these levels, the strong AUD is positive for oil costs and I doubt there are any serious USD revenue impact of the stronger AUD.
If Egypt calms down that should take some pressure out of Oil and be positive for AUD outlook, but thre is a risk it get further our of hand and spread to other countries and that will cause oil increases. A small risk in IMHO. I'm also buying WPL partly as a hedge for this occurrence and I like WPL's at these levels.
Global economy is looking much more positive for CY 2011 which is only going to be positive for QAN business yields.
Buying at these levels for an exit ~$2.90 by mid 2011 is my expectation
I like it at these levels, the strong AUD is positive for oil...
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Last
$5.99 |
Change
-0.100(1.64%) |
Mkt cap ! $9.760B | |||
| Open | High | Low | Value | Volume |
| $6.01 | $6.03 | $5.96 | $37.50M | 6.276M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 215097 | $5.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.00 | 62802 | 7 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |