Oil price up and downs are good.
It stemmed supply. Keeping people second guessing hinders investment and ability to borrow funds to build new major projects.
This is the way it should be played.
Oil back to $70usd and below $80 is good. Not too hot or cold so people don't get reckless spending too much on cheap projects, acquisitions and exploration.
Short term bad. Long term good.
Also high oil prices encourages substitutes.
Ann: Santos rejects Harbour proposal and terminates discussions, page-135
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Last
$6.84 |
Change
-0.080(1.16%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.94 | $6.75 | $97.69M | 14.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 96681 | $6.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 5679 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |