I work for one of the "Big Boys", and soon to be "Biggest Boy"..
Without doubt, I can tell you there is no shortfall in gas forecast. Exploration is wound back at present because of the energy price, but there are a ton of tenements out there with "drill when price reaches $xx" written all over them.
Also, STO are not buying all their gas.
So I agree with your post
Hard times until 2017, then a rise back to mid $70's for oil
STO is oversold today, imo, page-163
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Last
$8.00 |
Change
0.005(0.06%) |
Mkt cap ! $26.01B | |||
| Open | High | Low | Value | Volume |
| $8.09 | $8.09 | $7.99 | $14.72M | 1.829M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 17928 | $7.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.00 | 15792 | 17 |
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| Last trade - 11.13am 01/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |