STO 1.93% $7.41 santos limited

Don't do as I do, page-33

  1. 104 Posts.
    Hi all. Haven't posted in a while so here's my 2 cents.

    I feel there is a huge potential upside here at these levels if CR is not in play. Historical lows were tested in last session and held up fairly well with good volume around it. RSI indicates it is heavily oversold more so than it has ever been. Once short covering begins, this could recover in a flash...not to its glory days but to a more fair value. I was lucky enough to make a little when it was around 8 thinking that was bargain territory but who would have guessed this. Having said that I managed to lose those gains elsewhere. Remember a couple of years ago when you could close your eyes and point and make a profit? Investing is really hard right now which is a double edged sword. It's an opportunity to take a punt with what you can afford of course.

    I know some might say...here we go again...another chart guy. But when everything looks so bleak, I suppose I like to find silver linings any way I can. Difficult to rely on charts when there is no market stability whatsoever.

    Fundamentals then....at the very least as pa31 mentioned, GLNG is operational. Ships are ready. Contracts have been signed. Although it would run on marginal profit, it provides some staying power for STO. Trying to stay positive but if 3.80 breaks...we will be in uncharted territory and who knows how low this could go. But I think it is unlikely. If they were thinking CR, they should have gone before Origin did. The 2.5b CR Origin did seems to have been received well by instos...somewhat. There is always risk...but without it, there is no opportunity for reward.

    And for you deskworker, I have attached analyst recommendations below....7 days to 90 days...all they could do was stay unsure...or one might say clearly wrong....don't listen to any of them...they know as much as you and me in this big casino.


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Last
$7.41
Change
0.140(1.93%)
Mkt cap ! $24.06B
Open High Low Value Volume
$7.34 $7.47 $7.32 $66.81M 9.015M

Buyers (Bids)

No. Vol. Price($)
1 19097 $7.41
 

Sellers (Offers)

Price($) Vol. No.
$7.42 41631 1
View Market Depth
Last trade - 16.10pm 27/08/2024 (20 minute delay) ?
STO (ASX) Chart
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