Price of natural gas futures looks poised to go much higher after briefly topping at $4.40, I'm unceratin what the correlation between AGL and natural gas futures are.
If it posseses a close correlation then that would signal an opportunity ( a quick look indicates, yes they are closely correlated) - hope they are not one of plethora of Aussie resource companies who may indeed hedge themselves out of the money ?
The CRB index is poised to go into boomage mode, but there is a risk our major resource equities may languish into nothingness due to poor hedging policies and management.. catch 22 ?
Looking weak, page-5
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Last
$10.83 |
Change
0.130(1.21%) |
Mkt cap ! $7.857B | |||
| Open | High | Low | Value | Volume |
| $10.65 | $10.94 | $10.64 | $8.140M | 751.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 2093 | $10.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.84 | 3331 | 20 |
View Market Depth
| Last trade - 13.19pm 18/11/2024 (20 minute delay) ? |
| AGL (ASX) Chart |
