As I said Elvis left the building between $4.65 to $4.80. Pump and Dump over
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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.
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... 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.
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Santos is loosing money badly on GLNG. If one train was not bad enough two will prove worse.
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... Spot Price between 4.5/mmbtu (as reported by Oil Search Today) and contract price around 6.80/mmbtu.
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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
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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.
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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.
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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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As I said Elvis left the building between $4.65 to $4.80. Pump...
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Last
$7.95 |
Change
-0.040(0.50%) |
Mkt cap ! $25.81B |
Open | High | Low | Value | Volume |
$8.01 | $8.01 | $7.94 | $34.13M | 4.286M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 131404 | $7.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.96 | 48130 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 44789 | 7.940 |
5 | 27517 | 7.930 |
1 | 23620 | 7.920 |
5 | 86299 | 7.910 |
7 | 19346 | 7.900 |
Price($) | Vol. | No. |
---|---|---|
7.960 | 48130 | 4 |
7.970 | 10816 | 5 |
7.980 | 26391 | 5 |
7.990 | 99847 | 11 |
8.000 | 66574 | 16 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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