I feel for all shareholders that hold from significant higher SP levels. However this is the time to start picking up a few STO shares and a few select others. Oil may stay lower for longer, but highly unlikely that POO won't revert to around median levels in the next 12-18 months. STO has deep strategic value (think of time frames past next week or next month) based around hard and scarce assets that no-one else will contemplate building in the foreseeable future such as extensive pipeline networks, the multi-billion dollar GLNG facility and the Moomba facility in the Cooper. This is why STO is a strategic play unlike other O&G wannabes with prospective acreage only.
I think I traded STO over a period of a few weeks in early 2014 but entered today for a longer play today at $5.70 using 1/3 of my investing $$$. I'll use another 1/3 in due course depending on short term SP movement and will keep a final 1/3 to use if complete capitulation happens if it hasn't happened already.
GLTAH
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$7.66 |
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6 | 106119 | 7.610 |
9 | 90425 | 7.600 |
2 | 6200 | 7.590 |
2 | 2521 | 7.580 |
Price($) | Vol. | No. |
---|---|---|
7.660 | 45579 | 6 |
7.670 | 56988 | 8 |
7.680 | 18329 | 9 |
7.690 | 6721 | 4 |
7.700 | 44609 | 21 |
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