I guess it depends on who bought the stake , takes out of the equation the seller as a potential suitor but may mean some one else has stepped up .
I wouldn’t be surprised STO to drop back a little initially ( could be an opportunity to buy ) . Oil though is spiking up so there may be that enthusiasm . Oil back to about 3 year highs ( if I read the oil price chart right ) and it may need a rest around these levels.
The market will tell us
China’s ENN selling Santos Stake., page-5
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Last
$7.91 |
Change
-0.055(0.69%) |
Mkt cap ! $25.59B | |||
| Open | High | Low | Value | Volume |
| $7.92 | $7.95 | $7.87 | $47.60M | 6.016M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 49511 | $7.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.91 | 51939 | 50 |
View Market Depth
| Last trade - 15.14pm 24/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |