Lots of expensive development work in the Carnarvon Basin to go. STO paid too much and shouldn't be taking on more debt imo. For a fraction of $2B they could snap up small companies in PNG sitting on highly prospective as well as proven tenements eg KPL, HZN to add to the PNG LNG Project. This is a rash and reckless TO imo and the market will mark the SP down.
Lots of expensive development work in the Carnarvon Basin to go....
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Last
$6.84 |
Change
-0.080(1.16%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.94 | $6.75 | $97.69M | 14.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 96681 | $6.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 5679 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |