Good points. Incredible decision and shareholders continue to get slaughtered. Many now fear getting out at the bottom and have said 'stuff it' and chucked Santos into bottom drawer. Santos management don't/can't control POO but to not hedge 14 months ago with POO at $104/barrel is abysmal. When oil started to slide even a hedge in 85-90 range would have prevented a situation where company is now looking like it could go even lower. Very hard to see how STO can solve things. One possibility is a Chinese TO once FTA is signed.
Bring on the day!!!!, page-14
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Last
$7.43 |
Change
0.160(2.20%) |
Mkt cap ! $24.04B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.47 | $7.32 | $41.04M | 5.539M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 83 | 74083 | $7.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.44 | 89182 | 62 |
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| STO (ASX) Chart |