Yes, STO's LNG production is into oil-linked contracts it's shareprice is a direct reflection of an expectation of $60 U.S. Brent Crude as referred to in the notes to accounts.
$90m U.S. may not seem much but it's $2500 of my money they could have given to me as a dividend instead if they weren't such a pack of mindless corporate drones.
STO will not always be oil linked, the Asian LNG market has changed. Renewables need gas, you can't run a grid on zephyrs and sunlight without partially loaded spinning reserve.
Value_Hunter I am no huge fan of CSG but my view is that increased drilling will result in supplier cost inflation as well as the proven reserves the company needs. I am always interested in opposing views, can you quantify your statement?
$50-60 New Normal or U.S Shale Bubble?, page-778
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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 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
