Different oilers have different risk profile and it is a cheaper easier task for investors to diverify their portfolio to match their risk tolerance. You want STO to be a winner with the risk profile of Telstra then you never have. But you can easily split your money between STO and TLS so you can sleep well every night.
All ASX oilers have reported their quarterly. None is good just some better than other. Only STO and ORG managed higher production with reduced capex. SXY and BPT see oil production dropping at high % quarter to quarter. BPT is masked with the merger but if you do your number, they are not summed up well. Looking around the globe for bigger oilers, they all see dropping in higher cost offshore production/investment. We are still heading towards an oil spike but not quite soon. In short, $40 oil is not sustainable and if happened just very short term.
Different oilers have different risk profile and it is a cheaper...
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Last
$6.90 |
Change
-0.060(0.86%) |
Mkt cap ! $22.40B | |||
| Open | High | Low | Value | Volume |
| $6.97 | $6.99 | $6.89 | $75.56M | 10.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 101550 | $6.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.92 | 24252 | 7 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| STO (ASX) Chart |