From 2.90 in July to 4.35 in October , roughly 16 weeks.
Just prior to the low being reached.
1 Oil was at an all time low.
2 Debt was running rampant with no relief is sight.
3 Management had been questionable.
4 Sentiment and depression amount share holders was at a high level.
5 Global warming activist's in every corner of the media preaching doom and gloom.
6 Every one hated the so called Santos dog.
Each one of the points mentioned above has had a 180 degree turn around. Not to mention the East Coast debacle which can only be a positive for STO. In the long term.
Of course the most exciting points are debt levels reducing , and poo on the rise which in turn makes it easier to reduce debt which in turn helps to increase profit , which helps to reduce debt and so the wheels continue to turn.
Even if the poo dropped back to $40.00 tomorrow the Santos is in much better shape than it was 12 mths back.
Does all of this place the stock in the Buy , Hold or Sell basket ??
Does any one have the answer.
I don't.
However , the signs say Healing is well under way.
Pa 31.
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Last
$7.50 |
Change
0.000(0.00%) |
Mkt cap ! $24.35B |
Open | High | Low | Value | Volume |
0.0¢ | $7.60 | $7.50 | $85K | 10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4241 | $7.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.90 | 450 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 7579 | 7.870 |
1 | 86 | 7.730 |
3 | 2661 | 7.720 |
2 | 10033 | 7.700 |
1 | 1133 | 7.660 |
Price($) | Vol. | No. |
---|---|---|
6.900 | 450 | 1 |
7.130 | 15689 | 8 |
7.140 | 19371 | 4 |
7.280 | 10671 | 11 |
7.300 | 18103 | 9 |
Last trade - 09.50am 25/06/2024 (20 minute delay) ? |
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