Just wanted to share my view.I rekon oil prices will bounce back to higher prices than seen in 2019. I can only expect demand will 'suddenly' pick up before supply does, resulting with a surging $/B.My thoughts are that economies around the globe will be COMPETING to recover from this pandemic as quickly as possible (for obvious reasons). This may catch the entire oil supply market 'off-guard'. Oil and the barrel will be a hot item at that point....think toilet paper - panic and buy. When this happens? Beats me. Can FAR hang on by a thread until then? Beats me. Im aware the Media is talking about 2023 until we see 'regular 2019' market conditions, I'm more optimistic...if I had to guess I think the world in general is, atleast MOTIVATED, to be on the bounce back once year 2020 is over....
So I'm holding. Could be wrong, but going with my gut on this one.
US Oil - Highest Monthly Gain in History, page-196
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $30.20K | 61.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18945 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6324 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |