It seems a strange reaction to the SP when a report comes out broadly in line with company guidance that investors start selling. All that means to me is a further buying opportunity.
STO is not the sort of company that you jump into for a quick gain. The blue sky with lng sales starting later on this year is enormous. With demand for gas increasing and all the development work on time and ahead of budget the next 12 to 18 months should see a significant gain in the SP.
Sometimes a little patience pays off. One respected report I read has a 12 month SP estimate at $18.00 which seems conservative when matched against what the company should be delivering in the next year or two.
re 4q report
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Last
$7.66 |
Change
-0.010(0.13%) |
Mkt cap ! $24.87B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.73 | $7.66 | $51.80M | 6.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 125654 | $7.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.67 | 1506 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |