I believe STO is very well placed ATM.
With the $18 Billion GLNG plant just coming online as the Oil price plummeted, was very bad luck for existing holders.
Those who sold out recognised their capital losses and hopefully brought back in during the recent rally.
With the future outlook for gas being the major demand in future energy production, I see the GLNG as a big step in the industry which is seemingly just coming out of it's period of bad luck. STO is very cheap for the growth it will see over the next 40 years.
With a minor foothold on Oil to tide it over until LNG pricing becomes realistic STO S/P should travel on a long incline during the worlds transition into gas power.
This is my view on the past, present and future for Santos, renewables are not as reliable as a producer and I won't invest in that sector for at least 10yrs.
I believe STO is very well placed ATM. With the $18 Billion GLNG...
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Last
$7.48 |
Change
0.000(0.00%) |
Mkt cap ! $24.29B | |||
| Open | High | Low | Value | Volume |
| $7.51 | $7.54 | $7.48 | $30.18M | 4.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3936 | $7.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.49 | 33744 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$7.49 |
Change
0.000 ( 0.27 %) |
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| Open | High | Low | Volume | ||
| $7.50 | $7.54 | $7.48 | 1646634 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| STO (ASX) Chart |