Brent Oil Closed at $33.36 (Excluding after market close trades where it traded around $32.80)
On Thursday Santos new CEO will present it annual results plus his strategy to revive the Dead Cat(Santos as company)
My Estimate is for rest of next weeks Santos Shares will trade in positive territory between $3.40 to $3.60. Helped by Oil Price jump plus new CEO Strategy, chance of Santos touching $3.50 & trading between $3.40 to $3.60 exceptionally high.
A Further 10% Oil Price Gain overnight ($33.36) means STO should gain around 25 cents on Monday which bring to the number I putted up i.e. $3.40 (3.15 + 25 cents = $3.40)
Santos Results & Share Price Next Weeks
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Last
$7.36 |
Change
-0.050(0.67%) |
Mkt cap ! $23.90B | |||
| Open | High | Low | Value | Volume |
| $7.32 | $7.40 | $7.31 | $52.97M | 7.198M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25848 | $7.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.36 | 25128 | 4 |
View Market Depth
| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |