STO 0.69% $7.18 santos limited

Shorter's Picnic, page-59

  1. 380 Posts.
    lightbulb Created with Sketch. 19
    Ha Ha, $4.50 that's down another 35% on an already 50 plus% drop, Good luck!!!
    Keep shorting, I have been buying just under $7 and have a buy a little lower.
    Am happy to buy at these levels. As far as I'm aware STO have a 1Billion$ line of credit from the ANZ bank, so yes they can pay there debts. If you believe Oil will go down to $30 you may well be right but it has been in a range of $45 to$50 for quite a while with oil rigs going offline. Personally I think were in the bottom range.
 
watchlist Created with Sketch. Add STO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.