Should be a good QR tomorrow ($300m FCF?). STO should worth more than $7 with Brent above 65.
However, with a 'gangster-like' leader everything becomes unpredictable. We know Brent 80 'is too high', not sure if 65 is still 'too high'. If WTI below 60 (Brent 65), the gangs in Texas will not be happy. Oil has been talked down largely by politicians for several days, imho. After the MT election, we will see true Trump again - the Iran problem will resurface, I guess. GS still predict Brent re-test 80 by EoY.
STO had a FCF $250m in Q1 when average Brent price was approximately 65. I predict STO will be above $7 by EoY.
Should be a good QR tomorrow ($300m FCF?). STO should worth more...
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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 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |