Well I was a commodity trader for 15 years so I know a little bit & one thing I do know is, is tat tie oil market has changed forever. I have no doubt in my mind that the era of oil dominance in energy is starting to draw to a close. As a gas producer if they can break the linked pricing with oil then they may do ok.
However one point & its a pretty fundamental point you are absolutely incorrect on.
When you have $6Bln of debt positive cash flow is critical.
They need to display they can start paying down debt, otherwise lenders will get nervous.
And if that starts to happen watch he snowball grow.
Shorter's Picnic, page-54
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.82 |
Change
0.100(1.49%) |
Mkt cap ! $22.14B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.84 | $6.71 | $42.88M | 6.307M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1039 | $6.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 10358 | 3 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |