STO 2.24% $7.86 santos limited

no im not shorting sto but i was very close buying a ,, mini put...

  1. 182 Posts.
    no im not shorting sto but i was very close buying a ,, mini put warrant when sto was at
    12 area.. now i would not be brave enough cause when covering starts it can be agresssive..

    i still think sto is a very overvalued stock in many ways similar to stocks in the
    iron ore sector there is massive increase in LNG and oil production also less's demand
    than anticipated

    im not saying sto is going bankrupt but a share price around 4 is totally realistic
    using a pe of 7 but historically sto has always traded on a high pe so people think
    its cheap now when in fact it might not be
    best reg n
 
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