Unless ORG/ AGL/ Chinese Light & Power (CL), owner of EnergyAustralia, get opportunistic & decide to bid for upstream producers at a cheap SP? Reason, with gas shortages looming in the Eastern States, electric in the hands of 2 or 3 players, u would be running a risk by not having sufficient wholesale pricing capacity when shortages loom from upstream? As gas price is connected to POO, gas shortages upstream might b so pronounced, gas may have to be rationed in winter peak (similar to Europe, although Europe has obviously a colder winter with snow all over it ATM). There'll be no exports of LNG if unprofitable to do so. So soon with projects mothballed, gas supply is going to be an issue if POO falls through resistance levels like it did on Friday night US time through %50.
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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 |
