STX 1.25% 20.3¢ strike energy limited

Ann: Strike increases ownership of Warrego to 19.9%, page-181

  1. 2,232 Posts.
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    Shorts on STX.

    Wow - This is risky stuff!

    What happens if Woodside or Gina start buying up or for that matter anyone?

    Hooley Dooley you could suffer massive losses. Serious life changing losses.

    Lets just say Woodside/Gina pops STX with a 25% premium tomorrow morning. Thats instant 47c SP followed by the possibility of other sharks circling.

    STX has gift wrapped this up for a supermajor to pop. ~1TCF of gas with a market cap under $1B + 19.9% blocking stake in WGO.

    Holey Smokes Batman that is some risky shorts!

    I don't think the short guys understand the exposure.
    Last edited by SkyPunter: 08/12/22
 
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