Oil at a lower level will also prevent other projects coming online. Current funding on many projects that may in the future compete with STO are based on high oil and gas proces with realistically longer term are not sustainable. All those projects being possibilities absorb the skill and resources in the marketplace with STO have been using for several years at discounted rates due to overcapacity .,
Oil price isn't just only about straight to bottom line but more about what it does to demand to all the ancillary services and their costs that add into cost or developing and maintaoining feilds and even support or processing of data . These costs for a established scale company like STO are not great in teh incremental rise but area massive risk and disincentoive to newer projects as they can't access the better quality providers.
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Oil at a lower level will also prevent other projects coming...
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1 | 431 | 6.960 |
2 | 452 | 6.950 |
1 | 2294 | 6.940 |
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Price($) | Vol. | No. |
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7.030 | 5000 | 1 |
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