We all have to remember that the GLNG project is a 20 year project. So while price of oil is in the poo at the moment, it is only a bump along the way and I would suggest the current slump will be as bad as it gets. There will be substantial periods in this 20 year time line that oil will be at the other end of the spectrum, probably around a geopolitical event or 2, but mostly around the middle, which folks are guessing is the $50 - $60 range.
Short term painful, long term gainful.
STO is oversold today, imo, page-216
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Last
$6.90 |
Change
-0.060(0.86%) |
Mkt cap ! $22.40B | |||
| Open | High | Low | Value | Volume |
| $6.97 | $6.99 | $6.89 | $75.56M | 10.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 101550 | $6.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.92 | 24252 | 7 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| STO (ASX) Chart |