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$7.84 santos limited

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Michaelirish

23,952 Posts.

392

07/02/15

12:24

Post #: 14714580
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Originally posted by pa31 ↑

I plan to put 100 k into an oil stock on Monday Morning at market open. I had intended to go for STO. I am happy to leave it there for six months at least. I believe as the oil price slowly climbs during the next few weeks our local oil stocks will do well.
Why do I think Oil will slowly rise , Troubled times are escalating in the Middle East , China looking to QE , The United States in growth phase , rigs shutting down, capex among the majors is down and so it goes. History is a great teacher. The above issues have sent oil skyrocketing many times through history. What’s different now ?
The only difference I can see is the planet now boasts more oil guzzling machinery than ever before in it’s history. People have more money than ever before to buy oil to go into the engines of these machines, people have more time on their hands than ever before to drive these machines , Asia is on the move , there are people driving cars in China whom a few years ago were sitting on the back of a bullock, the number of Gas Guzzling jets increases every single day at an alarming rate.
Throw an oil scare in the middle East among all of this and Oil is going one way , NORTH.
PA31

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Good luck. It is bravery like that that wins the prize. Follow your gut after DYOR

STO Price at posting: $8.10 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $7.84		Change 0.100(1.29%)		Mkt cap ! $25.46B

Open	High	Low	Value	Volume
$7.80	$7.89	$7.80	$44.20M	5.631M

Buyers (Bids)

No.	Vol.	Price($)
3	2389	$7.83

Sellers (Offers)

Price($)	Vol.	No.
$7.84	129419	3

View Market Depth

No.	Vol.	Price($)
1	300	7.830
2	1700	7.820
4	33670	7.810
1	30266	7.800
2	84288	7.790

Price($)	Vol.	No.
7.840	129419	3
7.850	68380	4
7.860	102384	10
7.870	97416	3
7.880	464193	3

Last trade - 16.10pm 29/07/2024 (20 minute delay)

STO (ASX) Chart