Given your thesis is that the oil price is not constrained by shale then this is still a great outcome for you, as you can take a lot more money off the table than you could have done more recently, and re-invest this in other O&G stocks to retain exposure to what you believe (which could be correct) are higher prices.
STO didn't/doesn't offer you anything uniquely if you hold a bullish oil price view,
Will Santos ever recover?, page-234
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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 |