No other views re above which surprises me. Def thought a few readers would disagree. Meanwhile news has come through that Arrow Energy continue to have problems fulfilling their contracts re CSG. Considering that Arrow was considered to have the pick of QLD's csg ground it is astonishing they cannot supply IPL with the agreed amount of CSG extending into FY16. Shortfall is estimated at 10-20%.
IPL appears gloomy that sufficient gas supply will occur anytime soon and raises the question: Do QLD's CSG fields contain/produce the amounts of gas originally estimated when the 20billion dollar LNG plants were signed off. If they can't then it will be carnage esp as LNG price half of what original figures were based on.
STO SP has already halved over past 10 months. But no way do i think it can't fall further. Potential buyers should sit back and wait for this whole thing to pan out. May take another month or two. STO very high risk imo.
stand by for CR, EPS downgrade, writedowns, page-2
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Last
$7.48 |
Change
0.000(0.00%) |
Mkt cap ! $24.29B | |||
| Open | High | Low | Value | Volume |
| $7.51 | $7.54 | $7.48 | $30.18M | 4.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3936 | $7.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.49 | 33744 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$7.49 |
Change
0.000 ( 0.27 %) |
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| Open | High | Low | Volume | ||
| $7.50 | $7.54 | $7.48 | 1646634 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| STO (ASX) Chart |