No doubt things have changed GB as you know I was talking about this a long time ago when the SP was more than double what it is now.
I wouldn't rule out the SP getting back to double digit, but it will be quite some time.
What I think we will see is gas being decoupled form oil pricing and a more liquid tradable gas market with more futures contracts and in particular an Asian futures market. Gas will take the place of coal & oil in many industrial applications especially power generation. So eventually I can see price separation and a much better outlook for gas long term than oil. This is why I have suggested some time ago that STO sell their crude production assets & concentrate on gas and look at expanding into renewable energy production as well, as its the future without doubt.
No doubt things have changed GB as you know I was talking about...
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Last
$7.22 |
Change
0.060(0.84%) |
Mkt cap ! $23.44B | |||
| Open | High | Low | Value | Volume |
| $7.25 | $7.31 | $7.20 | $122.7M | 16.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 560819 | $7.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.23 | 5013 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |