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.
STO Price at posting:
$4.35 Sentiment: Buy Disclosure: Held