It’s been on a tear so some selling pressure upon good news release isn’t unusual - all that is good is already known I’d say.
What does stand out upon preliminary viewing is the increase of the FCF BE level as a result of the growth strategy. Not sure if many think Santos is quite ready for this step given how high the debt remains...
Still though, with so much capacity removed from the market during the OPEC-US Shell price war, energy markets are prime for further capitulation. Kevin Ghallager and co. may have seen everything they need to believe oil prices will be sustained at these levels for some time.
Strike while the irons hot?
DYOR
STO Investor Briefing, page-4
-
- There are more pages in this discussion • 74 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 |
