Paradoxically low POO is the best thing for O and Gas sector. It sets up structural tail winds through undermining long term investment in exploration and infrastructure. Cheap oil undermines the shift to electric as Jcoure highlighted. The crunch in price will also save the world economy for now leading to increased demand. My only reservation is I am pessimistic about world growth in the medium term. You could trade a 12 month bounce or hold and wait 5 years. Need low cost producer focussed on gas. My pick is probably wpl then osh then sto
Will Santos ever recover?, page-460
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Last
$6.82 |
Change
0.100(1.49%) |
Mkt cap ! $22.06B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.83 | $6.71 | $23.72M | 3.499M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 52761 | $6.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.82 | 52104 | 33 |
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| Last trade - 15.25pm 18/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |