STX 5.00% 19.0¢ strike energy limited

Ann: West Erregulla Resource Statement, page-50

  1. 1,846 Posts.
    lightbulb Created with Sketch. 495
    It will be a slow gradual increase IMHO not a spike due to the following...
    - Access to market, all good we've got all this gas, but it is as good as unused equity! You can't eat it until it can be sold!
    - Cost of getting infrastructure in-place to get to a properly-sized market.
    - Price of gas is dependent on the type of market.
    - No JAWS commerciality announcement.

    It isn't negative, just that funds and instos need the above answered.
    For now it will be mom and dad investors and shorters playing.

    Price will gradually increase in the Santa Claus rally IMHO. If you think about it, it is actually good! More volatility would have just caused more pressure to profit from gains.

    Hopefully within two months we get a strategy announcement on how STX expects to sell the stuff in WE. Also that we get a commerciality announcement about JAWS! JAWS can sell almost instantly into the existing grid!
    Last edited by DanglingPointer: 11/11/19
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
19.0¢
Change
-0.010(5.00%)
Mkt cap ! $543.5M
Open High Low Value Volume
20.0¢ 20.0¢ 19.0¢ $873.2K 4.500M

Buyers (Bids)

No. Vol. Price($)
73 3507920 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 1387202 8
View Market Depth
Last trade - 16.10pm 30/07/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.