STO 1.16% $6.84 santos limited

Could test $2.48 previous bottom soon, page-12

  1. 35,223 Posts.
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    Still, I think the stock was well on the way to recovery b4 the geopolitical risk shock that has shell shocked the entire market.

    The market barely moved today and it was due a comeback if the geopolitical risk had subsided. It obviously has not.

    Might be bad times ahead. Cause and effect can be debated until Lammas Day but without a better place to milk the cows or wait until hell freezes over, perhaps STO will be due a rebound with the wider ASX.

    London is for the moment a better place to invest for oil and gas until the politics in Australia gets more predictable and South Australia gets through its self-inflicted recession IMHO but pls DYOR.

    STO has better assets and LNG than the market gives it credit for. The problem is the name and the place of its domicile, South Australia could not be more on the nose than if it tried IMHO.
 
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