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SANTOS LIMITED (ASX:STO) - $50-60 New Normal or U.S Shale Bubble?, page-799 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
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$50-60 New Normal or U.S Shale Bubble?, page-799

  1. croasian
    2,211 Posts.
    lightbulb Created with Sketch. 48
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    10/04/18
    08:56
    Post #: 32336881
    The "risk" that oil stayed at $50 indefinitely was not a credible scenario.

    More than that, at $3.5 per share even this impossible "risk" was priced in.

    Please explain how it was a risk? What a value investor does is eliminate risk by definition and in doing so find arbitrage opportunities.

    It's a well established principle that in the short run the price of a commodity depends on the amount of inventory on hand so can be anything. In the long run it has to oscillate around the price to bring new reserves to market.

    The point of this thread has always been that this cost has not structurally reduced from $100 U.S. per barrel and the longer the craziness goes on the worse the ultimate implosion.
    Last edited by croasian: 10/04/18
    STO Price at posting: $5.90 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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