I understand that figure is an EIA estimate and that the actual production is somewhat lower.
Dollar cost averaging into this stock over the 3 years I have given up trying to time the recovery. Drawdowns in comparative inventory are the thing to watch I would say, along with the rig count.
Both Brent and WTI are now in backwardation.
https://www.cnbc.com/2017/11/01/wti...-backwardation-for-first-time-since-2014.html
Good signs I am hanging onto my 40,000 shares for the long haul and dividend yield.
It was a shale bubble, not a $50 - 60 new normal. I don't think Mr Market will be fooled by that tripe for much longer.
$50-60 New Normal or U.S Shale Bubble?, page-643
-
- There are more pages in this discussion • 169 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.82 |
Change
0.100(1.49%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.84 | $6.71 | $42.88M | 6.307M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13309 | $6.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 58478 | 6 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
