STO been range trading for some time now, its now time for it to head to the bottom of the range, enough ammo was released today to get that job done, then the big end of town will feast and when the time is right, they will move it back up.
Whether it will get to the most recent low $6.29 mid Dec 2024 or will they stage a higher low, is yet to be seen, however with some help of ChatGPT the horizon looks like this;
Barossa Gas Project (Offshore Northern Australia) Current Status: ~90% complete Expected First Gas Production: Q3 2025.
Pikka Phase1 Oil Project (Alaska) Current Status: ~70% complete Expected First Oil Production: Early 2026.
Narrabri Gas Project (New South Wales) Current Status: Awaiting final regulatory approvals Potential Production Start: TBD (Dependent on approvals, possibly late 2025 or beyond)
STO Price at posting:
$6.58 Sentiment: Hold Disclosure: Held
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