Yeah but remember we probably averaged $75/bbl or higher for oil for the quarter, not $50ish where it is now. Also companies that had hedging will soften the blow in reporting. If oil stays low it wont be until the end of the quarter we will really see the impact & even then hedging will still offset some of what would have been lower returns imo.
Its like STO actually had a reasonable quarter with raised production albeit on average lower prices, but nothing near the prices they are receiving right now.
Yeah but remember we probably averaged $75/bbl or higher for oil...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.30 |
Change
0.080(1.11%) |
Mkt cap ! $23.70B | |||
| Open | High | Low | Value | Volume |
| $7.20 | $7.31 | $7.19 | $27.25M | 3.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17439 | $7.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.30 | 56583 | 5 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |