Whats changed? a few thoughts Simply with the USA and EU in deep...

Whats changed? a few thoughts

Simply with the USA and EU in deep Do do then trying to fundraise new oilfields , update infustrucure and drill greenfields is less likely. Premium price pressure on product declining. Manufacture cost in Aus with mining staff pressures wanting staff are tough. If someone could graph infustructure expenditure for all oil companies in this specialised area for upcoming field development it would be a mirror image . Lot of companies sitting on oilgas but waiting for makets , prices and funding to proceed. Oil companies deln USD so high Aussie hurts.

Add to that with insto investors having to rebalance portfolios , the smaller stocks always get done harder by and they go back to their core investments as they don't want to be caught illiquid.

Interesting to see where it bottoms and what new orders flow.