Interesting, but no hint that they are going to cut production.
In fact it looks like in future they will produce more from shale themselves.
So its the $64M question.
Who is going to cut production?
Market forces suggests to me, high cost production to be forced out, but that's going to take some time.
STO at $7.oo. What to do?, page-98
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Last
$7.74 |
Change
0.090(1.18%) |
Mkt cap ! $25.13B | |||
| Open | High | Low | Value | Volume |
| $7.74 | $7.80 | $7.71 | $70.72M | 9.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20574 | $7.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.76 | 30000 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |