STO 0.00% $6.79 santos limited

From 2.90 in July to 4.35 in October , roughly 16 weeks. Just...

  1. 226 Posts.
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    From 2.90 in July to 4.35 in October , roughly 16 weeks.
    Just prior to the low being reached.
    1 Oil was at an all time low.
    2 Debt was running rampant with no relief is sight.
    3 Management had been questionable.
    4 Sentiment and depression amount share holders was at a high level.
    5 Global warming activist's in every corner of the media preaching doom and gloom.
    6 Every one hated the so called Santos dog.

    Each one of the points mentioned above has had a 180 degree turn around. Not to mention the East Coast debacle which can only be a positive for STO. In the long term.

    Of course the most exciting points are debt levels reducing , and poo on the rise which in turn makes it easier to reduce debt which in turn helps to increase profit , which helps to reduce debt and so the wheels continue to turn.

    Even if the poo dropped back to $40.00 tomorrow the Santos is in much better shape than it was 12 mths back.

    Does all of this place the stock in the Buy , Hold or Sell basket ??
    Does any one have the answer.
    I don't.
    However , the signs say Healing is well under way.
    Pa 31.
 
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