My thoughts on macro in regards to PCL and our exploration are the following:
As much as Trump may be expanding production in the US, from every expert I've read and heard from (I would highlight Dr. Anas F. Alhajji, A F Alhaji Substack) his thoughts are that the US mainland don't have the capacity to expand production by a great percentage (due to diminishing reserves and other factors). The Gulf of Mexico expansion may decrease oil price slightly but I don't see that having an immediate effect.
Another thing I would highlight is if we do have a massive target on our hands (over 10Bil boe) will that really decrease our value if oil goes down a bit?
My thoughts on macro in regards to PCL and our exploration are...
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Last
1.1¢ |
Change
-0.001(4.35%) |
Mkt cap ! $89.50M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $104.9K | 8.911M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3233305 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 2339384 | 8 |
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| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| PCL (ASX) Chart |