... as a long time watcher of this stock ( and former worker at Moomba ) , I reckon this is an opportunistic bid to grab Santos on the cheap ...
The company has passed the worst of low gas prices , and has reduced debt to more prudent levels ...
... why sell now ... when the trend is definitely on the up and up .... If another bidder or two emerges , and a bidding war erupts ... taking the SP to $ 10 or so ... well , that's another story...
Either way , you're in the sweet spot now : Well done !
$50-60 New Normal or U.S Shale Bubble?, page-790
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Last
$7.82 |
Change
0.010(0.13%) |
Mkt cap ! $25.39B | |||
| Open | High | Low | Value | Volume |
| $7.79 | $7.83 | $7.74 | $28.85M | 3.701M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3319 | $7.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.82 | 46227 | 2 |
View Market Depth
| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |