O/n POO hits highest price since July '15 at the time WOR SP was at $10, I would expect it to hit that today. The chart continues to look positive with higher highs and higher lows.
That $10 price was 18 months ago with the prospect of what lay ahead highly speculative. Fast forward 18 months and surely the pipeline for contracts must be ready to be flow. Companies can only defer projects for so long as the lead times to production are so long.
I consider everyday that passes is a day closer to a contract win.
Therefore, looking at the parallels POO same and WOR SP still 5% down, with time value 18 months past hence.
I can see WOR going to $11-$12 range within the next couple of months.
X factor OPEC?
Ann: Qatar Shell Awards EPCM Contract for Pearl GTL, page-34
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Last
$13.87 |
Change
0.120(0.87%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $13.75 | $13.87 | $13.62 | $16.71M | 1.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8268 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 4066 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
