As I said Elvis left the building between $4.65 to $4.80. Pump and Dump over
...
Why Santos did not stop dropping today ? Because no Insto is interested. Look at others(Oil Search and Woodside). They dropped 3 to 4% only.
...
... Why Santos was in free fall today ? Hardly any buyer any where. Pump and Dump over. Now day traders will decide day to day swing. I doubt big players will even touch it now. They closed their books already.
.....
.....
Santos is loosing money badly on GLNG. If one train was not bad enough two will prove worse.
...
... Spot Price between 4.5/mmbtu (as reported by Oil Search Today) and contract price around 6.80/mmbtu.
...
Feedstock alone cost in Australia minimum $5/mmbtu
No matter what Gallagher Inc does, until unless oil cross $47/barrel Santos will continue to loose money
..
Money lost during last 4 months alone (Selling LNG at loss from BLNG Train 1), it will Santos at least a year to recover those loses alone.
...
Let us be blunt. Without another Capital Raising, they will not survive or Oil MUST rebound above 47/barrel. One of the two should happen.
...
Why NO INSTO came forward today and started buying ? Because they don't see no value at current price else Santos could not dropped this much.
...
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Last
$7.67 |
Change
-0.070(0.90%) |
Mkt cap ! $24.95B |
Open | High | Low | Value | Volume |
$7.81 | $7.82 | $7.65 | $57.14M | 7.425M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22722 | $7.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.69 | 11730 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 22722 | 7.670 |
2 | 26608 | 7.660 |
9 | 93048 | 7.640 |
2 | 33986 | 7.630 |
6 | 73763 | 7.620 |
Price($) | Vol. | No. |
---|---|---|
7.690 | 11730 | 4 |
7.700 | 23073 | 2 |
7.710 | 497035 | 6 |
7.720 | 25073 | 3 |
7.730 | 800 | 1 |
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