I think he's more or less right but not sure about his picks. Anadarko is quite sick compared to STO.
He's probably going to get good returns from here, many of the majors didn't fall enough.
People need to be prepared for the price of oil/STO to go to $30/$2.5 before going to $60 though. It seems unlikely but anything can happen. It wouldn't substantially affect the long term value of the company.
$50-60 New Normal or U.S Shale Bubble?, page-13
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Last
$7.00 |
Change
0.155(2.27%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.01 | $6.91 | $26.38M | 3.787M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 74192 | $6.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.00 | 24597 | 32 |
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| Last trade - 12.00pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |