i meant to add - this is exactly the kind of time buffett is talking about when he says to buy when others are fearful.
you dont know where the bottom is - but you know anything sub 3.50 is pricing in an oil price thats lower than what most people expect a balanced oil market will now deliver (ie 50-60us) in 2017
cheaper is better of course.
imo watch for when every $1 oil price fall starts resulting in smaller and smaller falls in your target stocks price. whether its sto or any other.
thats usually best guide to when to get in.
Bought today, page-5
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Last
$7.17 |
Change
-0.195(2.65%) |
Mkt cap ! $23.30B | |||
| Open | High | Low | Value | Volume |
| $7.28 | $7.29 | $7.14 | $28.18M | 3.901M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 15468 | $7.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.17 | 52137 | 38 |
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| Last trade - 14.55pm 29/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |