I disagree that management is "good" or that value judgements like these are of use in investing.
It's not a discussion on the meaning of truth, morality and good vs evil but much more practical.
The offer turned up because Santos was undervalued, STO shares peaked at $4.7 purely off the back of increasing oil prices before the offer. I buy things because they are undervalued not to speculate on takeovers because they often fall over or don't eventuate.
A long term holder of STO can simply wait another year or two for rising oil prices, the benefits will likely exceed those from a quick takeover.
I disagree that management is "good" or that value judgements...
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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 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |