Despite rapidly moving to renewable energy, the world will need fossil fuel for the near future. Oil demand will pick up as the world is slowly going back to normal. Oil price will stay high with major western world oil producers are in the process of backing away from it and therefore reduced investment in the sector. There is probably now that no new big oil to be found and Middle Eastern countries will be dominant oil players again. Gas demand will continue to increase during the transition to renewable. STO is the favorite Aussie player at the moment with right balance of oil and gas portfolio. GO STO.
The “gas-fired” investment opportunity in the Australian energy sector, page-14
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Last
$7.63 |
Change
0.130(1.73%) |
Mkt cap ! $24.78B | |||
| Open | High | Low | Value | Volume |
| $7.60 | $7.66 | $7.57 | $57.67M | 7.563M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 29182 | $7.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.64 | 52397 | 4 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |