Abilene Oil and Gas Ltd (ABL) Is Yet to See Trading Action on Nov 15

November 15, 2017 - By Ellis Scott

Shares of Abilene Oil and Gas Ltd (ASX:ABL) closed at 0.008 yesterday. Abilene Oil and Gas Ltd currently has a total float of 397.61M shares and on average sees 46,070 shares exchange hands each day. The stock now has a 52-week low of 0.01 and high of 0.01.

S&P/ASX 200: Directing Asian Economy Growth

CG Watch has recently named Australia as one of the Asian nations with the best corporate governance, which is essential in carrying out national economic growth prospects. The Australian Securities Exchange (ASX) is the perfect reflection of Australia’s thriving national economy.

It includes companies with perfect liquidity like Abilene Oil and Gas Ltd. The ASX is one of Asia’s leading stock exchanges. As of 2014, it has a market capitalization of A$1.60 trillion with over 2,000 companies listed on it. Its benchmark index is the S&P/ASX 200, which weighs its top 200 stocks on a free-float market capitalization basis.

About the S&P/ASX 200

The S&P/ASX 200 was launched in April 2000, starting at 3,133.30 points. Regardless, it continues from the history of the previous Australian benchmark index, All Ordinaries, which was founded in January 1980. Consequently, the S&P/ASX 200 holds an all-time low of 1,358.50 points, which was recorded in November 1992; and an all-time high of 6,828.70 points, which was posted in November 2007.

The S&P/ASX 200 first touched the 6,000 mark in February 2007 as investors began resorting to safe-haven markets such as the ASX with the looming threat of the 2008 Global Financial Crisis. An ability to transform assets into cash as in case of Abilene Oil and Gas Ltd was highly appreciated by nervous traders. Australia has always been an ideal market for investors because of its low interest rates and compelling corporate governance. Having low interest rates means that investors can better access capital through loans.

S&P/ASX 200 Composition

The components of the S&P/ASX 200 are reviewed by the Index Committee four times a year, particularly every 16th of March, June, September, and December. The Index Committee is a panel with five members that reviews the companies listed on the ASX, the 200 most active of which are then included in the S&P/ASX 200. Sometimes, depending on several factors such as market capitalization, liquidity, among others, less than 200 companies make it to the S&P/ASX 200. And this is the double reason to be proud for such companies as Abilene Oil and Gas Ltd.

In the latest review of the S&P/ASX 200, the Index Committee had dropped six companies and had added six new companies on the coveted index.

As a free-float, market-capitalization-weighted index, the S&P/ASX 200 is quarterly adjusted with respect to the stock prices of frequently traded stocks. This means that stocks held by the government, venture capitalists, and the likes are not reviewed by the Index Committee.

The S&P/ASX 200 has various sectors with the financial sector being the largest as it makes up roughly 40% of the index. It makes up almost 80% of the overall market capitalization in Australia. Representing the top 200 stocks on the ASX, the S&P/ASX 200 is a reliable indicator of the Australian economy.

Needless to point out, investing in the ASX is worth considering. With a cheap borrowing environment complemented by a hot equity market, investors can realize their long-term goals by investing in Australia. At a time when the Asian economy is immensely growing, it is just right to bet on Australia’s growth.

More recent Abilene Oil and Gas Ltd (ASX:ABL) news were published by: Nytimes.com which released: “An Oilman Entices, and Investors Cry Foul” on March 29, 2008. Also Money.Cnn.com published the news titled: “Oil! Massive shale discovery in Texas” on September 08, 2016. Bizjournals.com‘s news article titled: “See which energy companies filed for bankruptcy in Texas through Q2” with publication date: July 11, 2016 was also an interesting one.

Abilene Oil and Gas Limited is an Australia firm engaged in resource exploration and investment in Australia and overseas, with a focus on gas and oil. The company has market cap of $3.18 million. The Firm operates in the exploration sector for gas and oil assets within the United States. It currently has negative earnings.

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By1 Ellis Scott




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