@Chancerman .."The world will have got over covid"
Back in February I was told a few times on some other news/general threads that Covid would be nothing but a bad memory by late April, and I was incorrect in thinking it was a black swan event.
Covid was a predictable black swan event IMHO. We always knew that a world wide pandemic could happen which is why we had organizations like CDC and WHO, yet somehow managed to botch the whole thing when it happened, mostly by denial early on. Now we have a mess everywhere, with politicians of all different persuasions making things up as they go along, all in panic mode.
Right now I'm not keen to make a prediction about next week let alone next year. (I live in regional Vic)
All I really know is that Strike are continuing with the game plan of drilling and developing the Perth Basin assets, knowing that should things return to semi normal then we will have gas sales and a rerate of the company in the future, no matter what happens over the next year.
IMHO Strike could go down from here just as easily as go higher, depending upon both world events and company announcements. I'm looking at what the company could be in 3-5 years time and that is how I'm approaching it and why I am bullish over the longer term.
STX Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
(20min delay)