STO 1.49% $6.82 santos limited

I reckon they are just numbnuts - no agenda except maybe too...

  1. 2,211 Posts.
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    I reckon they are just numbnuts - no agenda except maybe too close to management.
    If you knew how to invest and beat the market then you wouldn't need to work in the analyst department and would be skiing in Japan instead.
    Thanks for posting on this thread, I agree the cashflows are set to be higher. Sick of sharing good investment ideas to get criticised by ignorant muppets though.
    Or hear about where the speculators think the shareprice is going - I still don't care.
    It's not like I get paid for my time.
    I would like to record my portfolio here.
    51200 STO @3.89, 86000 CDD @0.4, 83000 SHJ @0.52, 80700 TWR @.51.
    I have sold my AWE to buy into STO, it's marginally cheaper but larger and I don't want to end up a MIN shareholder. That makes my average price look quite high.
    There's not a lot of options out there though, at $5.14 STO is still reasonably cheap but not exciting. Maybe it's worth $7 or more, where are the bargains today?
    Certainly not obvious as they were and the market is overvalued and dangerous with speculation rampant.
    With PRG, SMX and AWE all taken over (I wouldn't have sold as I invest for dividends/future cashflows) then effectively transferred to STO most of my investment is capital gains from 2017.
    The germ of truth upon which I started this thread is still correct though.
    STO generates a lot of cash at $65-70 Brent, even after sustaining and growth capex which they are idiots for not spending now (at bargain rates and to sustain an industry in depression).
    The gearing ratio is now very low.
    Rather than cyclical writedowns due to falling oil prices asset prices we could start seeing impairment losses being reversed. $55-70 @U.S. 75c was the expectation for the next few years.
    It needs to be closer to $100 in the medium term. The S curve does not cap out at $70 Muppets and the difference is important for STO may be worth substantially more than $7 per share in this kind of environment.
    I know you've analysed the stock for 10 seconds and saw the newspaper (but not the balance sheet) - that doesn't make your opinion equal to mine.
    U.S. tight oil cannot sustain world demand, the minority of voices expressing this fact will get louder. It's yet to be seen if resumed drilling can increase production in the amounts expected but we should know over the next 6 months.
    Hopefully I will be able to stay off here, to my follower list unless you have made yourself known to me I am not sharing my positions and reasoning for free.
    I will try to restrict my posts to outrageous gloating from tropical beaches/surf reefs on how well my positions have done.
    Best wishes with your investing (or speculating) and good luck to all.
 
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Last
$6.82
Change
0.100(1.49%)
Mkt cap ! $23.02B
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$6.72 $6.84 $6.71 $42.88M 6.307M

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No. Vol. Price($)
1 13309 $6.82
 

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Price($) Vol. No.
$6.83 58478 6
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