We can wear the short term pain - I hope it sinks lower - yes its bad for STO and all other aussie oilers but its extreme for the US oilers - they're at $28.31 now and it will be harder and harder for them to justify anything going froward with the prices they are seeing on their forward contracts - they're at $37.41 for December 2016 and unlike us - there is nowhere they can point to in the world and say "look the low POO is going to cause them to buckle in the next few weeks - months" the US oilers are the weakest link - we need the pressure to be maintained on them - I'm starting to feel like Dr Evil...
Im still cautious, page-106
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Last
$7.89 |
Change
-0.030(0.38%) |
Mkt cap ! $25.62B | |||
| Open | High | Low | Value | Volume |
| $7.87 | $7.94 | $7.86 | $44.13M | 5.590M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25085 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 39733 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |