Unfortunately, the Greens and their woke mates have declared Santos public enemy number one, both as an emitter and as a tax dodger. So, it remains to be seen, wether STO thinks that this super profit era wont endure, and investing in new projects will be a bad business decision long term ? In a world where energy consumption grows by 2% p.a. and the nonrenewable renewables dream remain a sacred cows, anything goes in the short term - in the long term reality dictates. So, being a holder of COI requires a fair degree of faith in (un)common sense, strong fundamentals and financial resilience. I wont be adding to my position in this market - everything may get a lot cheaper.
COI Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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