STO 1.49% $6.82 santos limited

Tax selling is a distinct possibility but I don't see much...

  1. 2,211 Posts.
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    Tax selling is a distinct possibility but I don't see much benefit in speculating on share price fluctuations myself.
    The crystal ball is cloudy on the next Financial Year, my best guess is oil is stuck at $50 due to a miguided belief in the "new normal) but I am fully invested in STO in case I am wrong.
    I really think around Christmas will be STO's time to shine. I don't think $35-40 per barrel breakeven will be sustainable for long as they need to reinvest in the business but the oil price will be going higherand more than compensating.
    JMHO, DYOR
 
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