It is very hard to forecast and predict how new technology can disrupt existing industries. Fracking technology which was originally much higher cost, has been decreasing their costs substantially and are now a force to be reckoned with. Which is underlined by the fact that there was a Fracking representative in the latest OPEC meeting.
Times have changed, and management can only be blamed to a certain extent. Not many people would have foreseen how the fracking boom will affect the oil industry.
Ann: Santos announces expected non-cash impairment, page-7
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Last
$6.86 |
Change
0.040(0.59%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $7.01 | $6.86 | $30.75M | 4.429M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 10963 | $6.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.87 | 89111 | 50 |
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| Last trade - 13.40pm 19/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
