It's all a good buy but the debt levels r worrying, ORG would be a natural suitor, but I think the market thinks that ORG might pay too much for it. There are others that may want STO, namely CLP (who needs something for EnergyAustralia synergies, AGL (only at fir sale prices, sub $7 is probably not fire sale, not yet) & perhaps BG although BG Group has problems of its own. Good buying opportunities for someone. I note only SXY is only O&G stock in the top 100 ASX stocks shorted. There are a few good contrarian plays in that list & they r about to be joined by O&G producers & miners of Fe, Cu & other commodities that are pro-cyclical IMHO but pls DYOR.
Oil $47.18US in early trade, page-64
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Last
$7.94 |
Change
0.000(0.00%) |
Mkt cap ! $25.78B | |||
| Open | High | Low | Value | Volume |
| $7.97 | $7.99 | $7.93 | $47.72M | 6.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 67051 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.95 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |