I thought its obvious that STO is volatile?
Just look at the SP over last 10 years.
Hence the Quadrant Play give diversity away from sketchy CSG assets and provides growth.
Kevin is trying to bolster the company away from it's past.
All the eggs in the CSG plays was the source of all the pain over the last 5 years.
Invest in the business and play the SP accordingly.
For the first time in a long time, STO has some strategy apart from pray for the oil price to go up, whilst loaded up with overpriced debt as before. This has been mitigated.
A prolonged depressed price of any commodity will make business tough for any company, once again that's obvious???
Once again, I'm only bullish because as stated before lack of massive capex by oil and gas companies will result in the price spiking (remember not long ago everyone was calling $100 dollar oil). Now the sky is falling, next month it'll be bullish again?
Not my words, heard it from Peter Botten (OSH) at a luncheon. I was glad he was honest enough to say his crystal ball isn't clear enough to know when. I love the fact STO is volatile, pays huge options premiums due to the volatility.
Wish you the best but of course STO is volatile.
Be interesting to see how all the results compare for the 3 plays mentioned in January.
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Last
$6.72 |
Change
0.030(0.45%) |
Mkt cap ! $23.02B |
Open | High | Low | Value | Volume |
$6.74 | $6.77 | $6.72 | $43.42M | 6.449M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 104139 | $6.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.73 | 10465 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 129176 | 6.920 |
6 | 233123 | 6.910 |
9 | 295156 | 6.900 |
11 | 303505 | 6.890 |
4 | 129828 | 6.880 |
Price($) | Vol. | No. |
---|---|---|
6.940 | 107742 | 9 |
6.950 | 424616 | 27 |
6.960 | 247191 | 13 |
6.970 | 73167 | 4 |
6.980 | 17507 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
STO (ASX) Chart |