Tax selling is a distinct possibility but I don't see much benefit in speculating on share price fluctuations myself.
The crystal ball is cloudy on the next Financial Year, my best guess is oil is stuck at $50 due to a miguided belief in the "new normal) but I am fully invested in STO in case I am wrong.
I really think around Christmas will be STO's time to shine. I don't think $35-40 per barrel breakeven will be sustainable for long as they need to reinvest in the business but the oil price will be going higherand more than compensating.
JMHO, DYOR
$50-60 New Normal or U.S Shale Bubble?, page-9
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Last
$6.79 |
Change
-0.010(0.15%) |
Mkt cap ! $22.05B | |||
| Open | High | Low | Value | Volume |
| $6.82 | $6.84 | $6.75 | $39.49M | 5.822M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 98628 | $6.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.79 | 4571 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |