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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Last
$7.27 |
Change
-0.100(1.36%) |
Mkt cap ! $23.61B |
Open | High | Low | Value | Volume |
$7.28 | $7.31 | $7.24 | $59.75M | 8.227M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 47234 | $7.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.27 | 30675 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 47234 | 7.260 |
9 | 21623 | 7.250 |
18 | 89208 | 7.240 |
6 | 113995 | 7.230 |
12 | 130586 | 7.220 |
Price($) | Vol. | No. |
---|---|---|
7.270 | 30675 | 2 |
7.280 | 1000 | 1 |
7.290 | 85603 | 7 |
7.300 | 61031 | 6 |
7.310 | 71927 | 3 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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