agree. oil is US$120+ and no sign of collapsing.
must say bit tired of hearing about 'demand destruction' and the related fear. In a nutshell, energy, although growing, is a small portion of disposable income and not overly elastic for households or industry. like always, people will adjust and learn to live with it (US$120+ oil/bbl). The sky will not fall!
Q2 report is going to be impressive for the big O&G entities of the world. STO should have a cracking second half also. I'd like to se dividends of US$0.20/Sh in HY and another US$$0.30 for FY.
STO - Brave new world, page-153
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$7.23 |
Change
0.040(0.56%) |
Mkt cap ! $23.48B | |||
| Open | High | Low | Value | Volume |
| $7.25 | $7.28 | $7.20 | $45.98M | 6.353M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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