agree. oil is US$120+ and no sign of collapsing.
must say bit tired of hearing about 'demand destruction' and the related fear. In a nutshell, energy, although growing, is a small portion of disposable income and not overly elastic for households or industry. like always, people will adjust and learn to live with it (US$120+ oil/bbl). The sky will not fall!
Q2 report is going to be impressive for the big O&G entities of the world. STO should have a cracking second half also. I'd like to se dividends of US$0.20/Sh in HY and another US$$0.30 for FY.
STO - Brave new world, page-153
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Last
$7.89 |
Change
-0.030(0.38%) |
Mkt cap ! $25.62B | |||
| Open | High | Low | Value | Volume |
| $7.87 | $7.94 | $7.86 | $44.13M | 5.590M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25085 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 39733 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |