STO due to massively increase gas production within a few months from its 20Billion dollar plant in Gladstone. But fall in oil and LNG price is relentless. Would love to hear other estimates/opinions but i reckon STO will announce the following over next 6 months: CR, EPS fall and big writedown on some assets.
$6.50 here we come and no I'm not shorting STO. Simply can't see how STO can avoid taking a further hit. LNG prices now at/below breakeven point with massive increase in supply onto world mkts due over next 6-12 months including that from Oz.
stand by for CR, EPS downgrade, writedowns
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$7.90 |
Change
-0.060(0.75%) |
Mkt cap ! $25.65B | |||
| Open | High | Low | Value | Volume |
| $7.92 | $7.95 | $7.87 | $75.85M | 9.588M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 21461 | $7.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.90 | 313239 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |