Having read the article today it seems so obvious that the Cooper Basin is going to be increasingly relied upon for east coast gas supply. The political issues associated with the agri / energy cross-over isnt going to get better anytime soon (in fact worse most likely). So any explorer / producer that can come up with a world scale supply will be very increasingly highly valued IMO.
I will also note.....on my suggestion of a "technical" rally in STX from the trend line suggested. The US dollar got hit hard on Friday night again. Do not be surprised if that continues in the short/medium term and we could see a sharp relief rally in commodities - led by oil which is priced in USD. There are big positioning skews in currency and commodity markets at the moment, and as much as fundamental supply / demand will prevail in the end, in the short term we could see some significant positioning stops if this change of trend continues. Be watchful of the USD IMO.
IMO
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.3¢ | 20.0¢ | $741.8K | 3.578M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 968233 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 751052 | 8 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |
