STO has signed off on a 5 year deal to supply gas to Alcoa for several of its refineries in W.A. No price has been announced , but its cash flow , GLNG gets closer every day , with gas from the Surat Basin being delivered to Curtis Island off of Gladstone already. 18 billion in the making , that's 18 billion , that's a very big number , if this fails , Queensland will go with it , Gladstone will become a Ghost Town , the domino effect would be huge.
I am the first one to admit STO does have some risk , the S/P going down every second day does not help sentiment ( which is what I trade ) . I believe Oil / Gas will go back up again , that's a given , when it does sentiment will turn , then we will all forget about the time STO got to 5 or 6 dollars , BTW this time, the way sentiment is , it may well hit 6 bucks , bad if you paid 13 , but you bought it at 13 because of the fundamentals of the company , unfortunately the oil price collapsed and down goes the stock with it , rest easy. When Oil takes off again STO will go with it. I really don't think the Arab Nations are going to let us enjoy low oil prices for much longer , once they shut a few more Russians and Americans down with their low oil policy , low fuel prices will fade off into history once more.
Take a road trip in your SUV while you can still afford to put fuel in it. Low prices wont last for long.
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Last
$7.27 |
Change
-0.100(1.36%) |
Mkt cap ! $23.61B |
Open | High | Low | Value | Volume |
$7.28 | $7.31 | $7.24 | $59.75M | 8.227M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 47234 | $7.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.27 | 30675 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 47234 | 7.260 |
9 | 21623 | 7.250 |
18 | 89208 | 7.240 |
6 | 113995 | 7.230 |
12 | 130586 | 7.220 |
Price($) | Vol. | No. |
---|---|---|
7.270 | 30675 | 2 |
7.280 | 1000 | 1 |
7.290 | 85603 | 7 |
7.300 | 61031 | 6 |
7.310 | 71927 | 3 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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STO (ASX) Chart |