Santos CEO sez: "We have made good progress in the first half towards this goal and are forecasting a free cash flow breakeven oil price of US$43.50 per barrel for 2016, down from US$47 per barrel."
Not exactly sure what grade of oil STO sell but WTI now below $44 and Brent about $2.50 higher. I argue... why buy now? Why not wait to see how macro pans out before investing. Why notbe patient and wait on sidelines? Each to his own but STO looks vulnerable imo. What do chartist's say?
Santos Needs $US3.5b Capital Injection - Macquarie, page-119
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Last
$8.02 |
Change
0.020(0.25%) |
Mkt cap ! $26.04B | |||
| Open | High | Low | Value | Volume |
| $7.95 | $8.03 | $7.95 | $72.35M | 9.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11377 | $8.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.02 | 299409 | 10 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |