not just OPEC, if oil does decline do you think exploration and development will take the risk given all the anti oil financing, ESG pressure etc.
The United Nations had someone giving a speech saying should tax energy companies more.
Exploration and development risk has increased massively in recent years, this will mean higher required rate of returns to compensate.
This acts as a buffer.
Having said all this I have absolutely no idea where the share price will go, hot money, traders reading their charts etc. I focus on underlying company and industry fundamentals. So please don't quote any of my posts against short term share prices.
Mr Market exists to serve me, not the other way around
not just OPEC, if oil does decline do you think exploration and...
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Last
$25.68 |
Change
0.190(0.75%) |
Mkt cap ! $48.98B | |||
| Open | High | Low | Value | Volume |
| $26.11 | $26.11 | $25.54 | $67.69M | 2.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 3853 | $25.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.68 | 1350 | 10 |
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| Last trade - 13.20pm 15/08/2024 (20 minute delay) ? |
| WDS (ASX) Chart |