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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Last
$7.49 |
Change
-0.140(1.83%) |
Mkt cap ! $24.47B | |||
| Open | High | Low | Value | Volume |
| $7.55 | $7.58 | $7.49 | $40.28M | 5.357M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 91276 | $7.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.50 | 9470 | 2 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$7.51 |
Change
-0.140 ( 1.98 %) |
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| Open | High | Low | Volume | ||
| $7.55 | $7.58 | $7.51 | 3447297 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| STO (ASX) Chart |