STO share price is hinged to the POO.
POO is driven by demand.
Demand is at an all time low.
Yet Oil still hanging around $68 to $70 US.
STO is doing very well at these prices.
Once the economies of the world regain momentum
and they will, and it will happen very soon, it's happening now
the demand will sky rocket, the price will sky rocket with the demand.
High prices means higher profits for STO than it has seen for decades.
Now much of the difficult debt is paid down.
Robanros, yours is a very good question.
No one can tell you the answer.
Lynda offered 7 bucks for STO a few years back when STO was 1 quarter the company it is now and was debt laden.
How quickly will it get to $10 00 >>> 3 mths, >>> a year >>> 2 years.
I am very comfortable I have loaded up between $5.00 and $6.50.
Lets see where it goes.
STO share price is hinged to the POO.POO is driven by...
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Last
$7.46 |
Change
-0.020(0.27%) |
Mkt cap ! $24.22B | |||
| Open | High | Low | Value | Volume |
| $7.48 | $7.54 | $7.45 | $27.88M | 3.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 43085 | $7.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.46 | 12502 | 19 |
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| Last trade - 11.24am 22/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |