STO 0.00% $7.94 santos limited

Oil $47.18US in early trade, page-93

  1. 34,238 Posts.
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    STO will not be around long enough for a long term buy & hold but subject to a TO if the market is efficient. It has leverage, sure, but not too much. When market recovers, ORG, CLP, BG Group & AGL (possibly XOM, CVX & COP) will all b thinking of a bid for STO unless STO's SP does an enormous rebound or it manages a consolidation of Coopers (& with its B/S, I can't see that happening in time). Reasonable short term play tho, it would be definitely risky shorting like some HC posters allegedly r engaging in.
 
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