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$6.84 santos limited

Excellent post, Klu, very incisive and prophetic. Next stop is...

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JCoure

35,219 Posts.

914

03/02/17

17:39

Post #: 22359860
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Originally posted by klu ↑

The collapse of oil price was coincident with the Russian Sanction in 2014. Then, there was a conspiracy of Obama’s the-tone-four-birds strategy: A collapse of oil price will kill the two states that he hated most (Rus and so-called IS), and also the project that he hated most (the Kenstone Pipeline).

Not many people believe the conspiracy. In the last two days, oil price dropped respectively 4% and 2%, for reasons such as doubts on OPEC agreement and rise of rig count (by THREE over the week in US). Do you believe them?

The sharp drop in oil price was actually coincident with the sale of 8 million barrels of strategic oil reserve. The reported reason for the sale was to collect money ($400m, of course for Trump) to repair the pipelines. For me, the reason does not make much sense and the action was probably to enhance Obama’s policy on Russian, like other actions in recent weeks.

If the conspiracy is true, the end of Obama administration means the end of low price oil and that any dip is a buying opportunity.
BTW, anyone has an evaluation of STO with oil price at 65-70 in 2017?

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Excellent post, Klu, very incisive and prophetic. Next stop is $5 for STO?

STO Price at posting: $3.95 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last $6.84		Change -0.085(1.23%)		Mkt cap ! $22.11B

Open	High	Low	Value	Volume
$6.92	$6.94	$6.75	$37.63M	5.507M

Buyers (Bids)

No.	Vol.	Price($)
9	29320	$6.83

Sellers (Offers)

Price($)	Vol.	No.
$6.84	78306	43

View Market Depth

No.	Vol.	Price($)
23	21960	6.830
39	77482	6.820
32	100916	6.810
50	124868	6.800
26	97507	6.790

Price($)	Vol.	No.
6.840	87497	51
6.850	130262	22
6.860	102246	18
6.870	122073	13
6.880	45786	8

Last trade - 13.04pm 27/09/2024 (20 minute delay)

STO (ASX) Chart