STO 1.54% $7.58 santos limited

I consider my self to be extremely lucky in that I have lived...

  1. 428 Posts.
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    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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Last
$7.58
Change
0.115(1.54%)
Mkt cap ! $24.43B
Open High Low Value Volume
$7.50 $7.60 $7.48 $29.10M 3.644M

Buyers (Bids)

No. Vol. Price($)
22 23263 $7.57
 

Sellers (Offers)

Price($) Vol. No.
$7.58 23989 37
View Market Depth
Last trade - 12.04pm 21/06/2024 (20 minute delay) ?
STO (ASX) Chart
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