I guess it depends on who bought the stake , takes out of the equation the seller as a potential suitor but may mean some one else has stepped up .
I wouldn’t be surprised STO to drop back a little initially ( could be an opportunity to buy ) . Oil though is spiking up so there may be that enthusiasm . Oil back to about 3 year highs ( if I read the oil price chart right ) and it may need a rest around these levels.
The market will tell us
China’s ENN selling Santos Stake., page-5
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Last
$7.15 |
Change
-0.020(0.28%) |
Mkt cap ! $23.22B | |||
| Open | High | Low | Value | Volume |
| $7.16 | $7.17 | $7.12 | $56.91M | 7.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 22411 | $7.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 31180 | 5 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| STO (ASX) Chart |