Bottom line to me will be when financials are released. Cash Flow from Operations sufficient to cover operating costs or not. If they are still relying on cash flow from investments or cash flow from financing then 'good night Irene'. This will head back below A$4.
They still have ridiculous levels of debt and are so geared towards higher oil prices that this is a ticking time bomb. Markets are at their highs and in these times those who wish to stay in the market will be looking for lowest risk assetts. To me this is not one of them
Ann: Second Quarter Activities Report-STO.AX, page-16
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Last
$6.84 |
Change
-0.080(1.16%) |
Mkt cap ! $22.21B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.94 | $6.75 | $97.69M | 14.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5564 | $6.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 5679 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |