Thanks again for even more information and analysis. You guys are amazing. I picked STO based on:
1. It seems is worst is over. Massive assets write-down, reduced capital expenditures and slashed expenses. This year's profit will take a big hit but is already priced in (unless there is some more bad stuff in the near future).
2. Gas project to be delivered late 2015/early 2016 will reduce STO's dependence on oil and generate huge cash flow which should mitigate the financing/refinancing risks in the next few years.
3. Share price halved in 6 months. When oil price rebounces the upside potential should be higher than WPL and OSH. especially with WPL which oil only accounts for about 16% of its revenue. As I really don't think STO will go down the drain, with a 5 years time frame, the investment should be quite safe.
This is mainly an oil price recovery bet. I can't agree with Goldman Sachs that oil price will drop to $10-20 a barrel in my life-time but then again, I have been proven wrong more times than Goldman Sachs.
Good luck to you all with your investments.
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6 | 54689 | 7.950 |
3 | 50507 | 7.940 |
2 | 21806 | 7.930 |
4 | 16134 | 7.920 |
Price($) | Vol. | No. |
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8.000 | 48951 | 15 |
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