maybe, currie was on bloomberg this morning and his view is the oil market is pretty balanced at the moment with no real driver in either direction. So lets assumme price bounces around 40 to 50 for a while.
If demand in Asia is weak or at least no improving and there is no real traction for STO to be able to increase above their breakeven point then I would say that STO will drift lower until a new cataylyst comes along.
I am waiting for a break of at least 4.20 b4 I get to excited to buy. Thats just me, in the meantime I am loving BXB , TPM and SHL but maybe too expensive to jump on in now if missed.
Patience is a virtue but more money is absolutely fantastic - cheers all
STO Price at posting:
$4.50 Sentiment: Sell Disclosure: Not Held
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