I think labor will after the RBA interest rate decision. But relevant to STO, I think Labor would be better for them and the Aussie oil and gas producers because multinationals will struggle more to make a buck under the Labor than the LNP.
Economy will be a bit of a mess and it is easier to tax offshore companies than Aussie ones like STO for political reason.
I reckon the STO SP will get to $18 regardless of the election decision.
KG may be moved on after the election, his WPL and STO roles have been more aligned to the center right than the left not to mention his enormous eye watering salary, The relief rally IMHO would be positive for STO.
Tribeca STO Valuation - $18.00, page-12
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Last
$6.79 |
Change
-0.040(0.59%) |
Mkt cap ! $22.05B | |||
| Open | High | Low | Value | Volume |
| $6.85 | $6.86 | $6.77 | $34.30M | 5.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16991 | $6.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 60994 | 2 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |