you want to be buying Aussie oil exposure not US - the US dollar...

you want to be buying Aussie oil exposure not US - the US dollar will continue to strengthen (if you think oil price is going up you must think US economy is doing ok) so US priced oil will not perform as well as Aussie oil price deminonation

Of course you get to bring it back in AuD -0 but why bother.

STO is the highest leverage/highest upside downside of the large oil and gas plays on ASX.

Lower risk/lower return WPL/OSH

STOs zones of resistance/support are 7, 7.50, 7.80, 8.09 and 8.50

STO downside risk really is binomial if you think oil price is on sustauined recovery - ie. it wont have cashflow problems if you;re aright - but its wrfitedown of GLNG exposure may require a cpiatal raising.

they have said thats not the case. But then various mgt teams have been wrong on these things many times.

Personally I think they are right if we don see a long period of sub 50 oil.

Trust that helps you with you decision making. Im not about to tell you which one to buy. But these are the 'facts' around STO as i see them.