STO was sold down because of the drilling update on Jeruk just like CUE. STO has had a good sp rise in the last 6 months partly as a catch-up to other oilers (because it has been slower to respond to the high oil price) and partly on anyicipation that Jeruk will be big. Thursday/Friday's drilling update (STO's release that was released again by CUE on Friday afternoon) had a very poor flow rate at the last test. I still think Jeruk will be a goer but the traders jumped off (some would have bought ahead of Thursday's news and if they were T+3 they may not have wanted to risk holding any longer).
H
hardmano. re santos, page-2
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Last
$7.90 |
Change
-0.060(0.75%) |
Mkt cap ! $25.65B | |||
| Open | High | Low | Value | Volume |
| $7.92 | $7.95 | $7.87 | $75.85M | 9.588M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 21461 | $7.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.90 | 313239 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |