youll have to give me some number to convince me
according to my system STO is 17.5x pe at 10.10 sp - given normal commodities stocks trade 10-12xpe that suggests a very large componnent of current share price is based on the big increase in cashflows from 2016/17
as a result, i am confident you will find the market will start to second guess(is already) what the lng prices will likely ber in those years - and what the profit margins will look like given the large debt STO in particular has to pay back.
it mayt end up being a bargin if oil and lng priced bounce back sharply in next few weeks
but i suspect that wont be the case - this is alll due to a long term shift change in oil supply out of the US shale .
STO will likely be a $8 stock before the end of the year.
santos to buy or not buy, page-13
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Last
$6.69 |
Change
-0.010(0.15%) |
Mkt cap ! $21.72B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.78 | $6.67 | $30.42M | 4.520M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | $6.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.70 | 36026 | 1 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |