Pa, remember you are trying to get an oil exposure, based on your logic above. By putting it all into STO as the proxy for your oil play you are taking on company specific risks as well.
The best way to trade your view would be to split the funds into 3 to 5 oil stocks. This gets you the oil exposure while reducing company risk.
POO is AUD$70, page-84
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Last
$7.62 |
Change
0.160(2.14%) |
Mkt cap ! $24.74B | |||
| Open | High | Low | Value | Volume |
| $7.50 | $7.62 | $7.48 | $139.7M | 18.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 264300 | $7.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.63 | 118462 | 13 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |