Gents,
I felt I was the bearer of bad news last time when I shared news of water in SE2…
on this occasion I have good news, some dinners this week with analysts and SN shared some interesting insights…
Announcement coming on SE1, supposedly they are still going to develop SE1, the project whilst smaller and 1/3 reserves still has higher NPV of what they were originally planning.
referenced SE2&3 as a game cludo, indicated has a much more different composition, potentially of has oil / liquids in it?
Recons they will have 4 wells producing by 2026, still recons ‘acknowledged he is a bull’ this year is STXs year
cash flow to surprise on the upside in the next quarterly
thinks the upside for the company lies in Ocean Hill, see massive potential there and no value being attributed to it
lastly - analyst talk is warrego is waiting for 30 day average to come down and talks of preparing to take a stake ~30% into STX…
Based on this analysts were fairly bullish, recon this is the bottom pricing atm
double down I’m thinking…?
Gents,I felt I was the bearer of bad news last time when I...
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Last
23.8¢ |
Change
0.003(1.06%) |
Mkt cap ! $686.9M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.3¢ | 23.5¢ | $774.2K | 3.244M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 492417 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 3043939 | 59 |
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| Last trade - 12.43pm 10/05/2024 (20 minute delay) ? |
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Last
23.5¢ |
Change
0.003 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 23.0¢ | 24.0¢ | 23.0¢ | 1904321 | ||
| Last updated 13.03pm 10/05/2024 ? | |||||
| STX (ASX) Chart |