Thanks again for even more information and analysis. You guys are amazing. I picked STO based on:
1. It seems is worst is over. Massive assets write-down, reduced capital expenditures and slashed expenses. This year's profit will take a big hit but is already priced in (unless there is some more bad stuff in the near future).
2. Gas project to be delivered late 2015/early 2016 will reduce STO's dependence on oil and generate huge cash flow which should mitigate the financing/refinancing risks in the next few years.
3. Share price halved in 6 months. When oil price rebounces the upside potential should be higher than WPL and OSH. especially with WPL which oil only accounts for about 16% of its revenue. As I really don't think STO will go down the drain, with a 5 years time frame, the investment should be quite safe.
This is mainly an oil price recovery bet. I can't agree with Goldman Sachs that oil price will drop to $10-20 a barrel in my life-time but then again, I have been proven wrong more times than Goldman Sachs.
Good luck to you all with your investments.
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$6.80 |
Change
-0.035(0.51%) |
Mkt cap ! $22.16B |
Open | High | Low | Value | Volume |
$6.85 | $6.86 | $6.79 | $6.449M | 945.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 83729 | $6.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.80 | 44813 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 78784 | 6.790 |
20 | 84213 | 6.780 |
15 | 58546 | 6.770 |
16 | 136076 | 6.760 |
28 | 58023 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.800 | 44271 | 16 |
6.810 | 53003 | 22 |
6.820 | 93603 | 17 |
6.830 | 72822 | 14 |
6.840 | 141268 | 17 |
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