We continue to believe that oil prices have bottomed and STO gives us the best leverage to that idea. Recent quarterly results fro the company also beat prior guidance. Price action since the December lows has been impressive and the charts indicate that there is much more upside in store.Michael Gable is managing director of Fairmont Equities.
This post is an extract from the newsletter dated 4 February 2019.
Recommendation ASX:STO
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Last
$6.92 |
Change
0.120(1.76%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.89 | $6.97 | $6.88 | $62.55M | 9.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7956 | $6.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.93 | 52471 | 6 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
