Several months ago i posted that STO was facing huge CAPEX and the SP would decline substantially. (if anyone can retrieve the post I'll be grateful). SP gone from just under $14 to about $11.00. Where will it end? As costs on LNG projects continue to blow-out i feel SP will continue to drift down. STO a long term proposition for those who have faith that price of gas will increase substantially. Meantime i reckon $10.40 mark is vulnerable. IMO avoid... far safer punts elsewhere.
PS. 'Intelligent Investor' are ultra conservative analysts and they have big wraps on STO and recomend buying company at $14.oo!!!
have santos bitten-off too much?
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Last
$7.99 |
Change
-0.010(0.13%) |
Mkt cap ! $25.94B | |||
| Open | High | Low | Value | Volume |
| $7.94 | $7.99 | $7.91 | $57.52M | 7.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43873 | $7.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.99 | 1829 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |