I consider my self to be extremely lucky in that I have lived through many CYCLES in the stock market.
I have sat back and watched so many great companies drop then rise just as quickly with out reason.
I have watched so many investors loose their funds because they buy at the top and sell at the bottom, Its a human thing , when its booming , buy it at the top , when it drops sell at the bottom.
STO is a great company and getting better every day.
Its acquiring world class assets, its drastically reducing debt ,
When STO was laden with seemingly unrecoverable debt the Americans wanted it and were prepared to pay $7.00 for it.
Remember Ms Cook.
These conglomerate's (sto) sell into the future.
STO may have sold gas / oil into the future for a couple of years for next to nothing when oil was $30.00.
STO may have sold gas into the future for a huge price when oil was $80.00.
Therefore if Oil falls to $40.0 ( extreme estimate but could happen ) STO may have forward contracts in place for the gas and oil they produce that will return massive profits up until they must renew contracts. Maybe 2 years down the track.
None of us know what they have forward sold at.
What we do know is they are producing huge amts of gas / oil with lots more on the drawing board and their debt is falling.
STO may look like a dog from the out side.
We will not know what's really going on for a few weeks.
Ill be shocked if its not very good news for investors.
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