I feel for all shareholders that hold from significant higher SP levels. However this is the time to start picking up a few STO shares and a few select others. Oil may stay lower for longer, but highly unlikely that POO won't revert to around median levels in the next 12-18 months. STO has deep strategic value (think of time frames past next week or next month) based around hard and scarce assets that no-one else will contemplate building in the foreseeable future such as extensive pipeline networks, the multi-billion dollar GLNG facility and the Moomba facility in the Cooper. This is why STO is a strategic play unlike other O&G wannabes with prospective acreage only.
I think I traded STO over a period of a few weeks in early 2014 but entered today for a longer play today at $5.70 using 1/3 of my investing $$$. I'll use another 1/3 in due course depending on short term SP movement and will keep a final 1/3 to use if complete capitulation happens if it hasn't happened already.
GLTAH
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$7.73 |
Change
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Mkt cap ! $25.49B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 22800 | $7.72 |
Sellers (Offers)
Price($) | Vol. | No. |
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$7.73 | 30397 | 41 |
View Market Depth
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28 | 34235 | 7.720 |
20 | 66401 | 7.710 |
27 | 81291 | 7.700 |
9 | 80447 | 7.690 |
9 | 24583 | 7.680 |
Price($) | Vol. | No. |
---|---|---|
7.730 | 24224 | 40 |
7.740 | 83852 | 34 |
7.750 | 37816 | 20 |
7.760 | 33737 | 22 |
7.770 | 127787 | 15 |
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