I don't see it as a play on oil, but a play on LNG. I don't disagree with you ST on oil, but I'm not punting, I'm investing.
Gas usage is not declining and the perceived overhang in LNG, brought about by the rapid expansions eg Gladstone, is reducing quickly. Greenfield LNG takes 5 years and the market will be in steep deficit by then. Therefore existing (ex Capex) exposures to LNG will trade nicely, when available.
STO is over the capex lump and free cash flows are improving. These assets are valuable in this market at this point in the cycle.
My thesis is that if Harbour is interested at these prices, so will a lot of other LNG players.
AL
I don't see it as a play on oil, but a play on LNG. I don't...
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Last
$7.02 |
Change
0.180(2.63%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.03 | $6.91 | $81.59M | 11.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 125302 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 766 | 1 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |