In the short run, STO can buy LNG futures on behalf of their overseas customer, so that it can retain some of LNG it procures from other domestic players to meet the Government's decree. If IEEEA's analysis is correct, it won't be difficult for STO to procure several cargos of LNG for this purpose at a relatively affordable price, given that our domestic market price is much higher. This is what money can buy.
But it won't be long before Australia will have its own import terminal. Recent development shows that the Victoria government is ready to help. You know those politicians can be proactive when their jobs are on the line.
Can STO survive, page-671
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Last
$7.81 |
Change
0.140(1.83%) |
Mkt cap ! $25.36B | |||
| Open | High | Low | Value | Volume |
| $7.80 | $7.82 | $7.76 | $53.77M | 6.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43486 | $7.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.81 | 39967 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |