STO was sold down because of the drilling update on Jeruk just like CUE. STO has had a good sp rise in the last 6 months partly as a catch-up to other oilers (because it has been slower to respond to the high oil price) and partly on anyicipation that Jeruk will be big. Thursday/Friday's drilling update (STO's release that was released again by CUE on Friday afternoon) had a very poor flow rate at the last test. I still think Jeruk will be a goer but the traders jumped off (some would have bought ahead of Thursday's news and if they were T+3 they may not have wanted to risk holding any longer).
H
hardmano. re santos, page-2
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Last
$8.00 |
Change
0.320(4.17%) |
Mkt cap ! $25.98B | |||
| Open | High | Low | Value | Volume |
| $7.99 | $8.18 | $7.94 | $170.1M | 21.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 87962 | $7.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.00 | 21394 | 5 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |