ConocoPhillips made a conscious decision to get out of most of its Australian assets . Australia is not an attractive proposition for foreign companies any more . Australia has ridiculous red tape , green tape and indigenous tape to contend with, and then there are the loonies in govt and in the senate who want to increase taxes even further. Apart from that , there is no way that FIRB would allow STO to be sold to a foreign company. Woodside is STO’s only hope and they will not be paying a premium .
ConocoPhillips made a conscious decision to get out of most of...
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Last
$7.15 |
Change
-0.020(0.28%) |
Mkt cap ! $23.22B | |||
| Open | High | Low | Value | Volume |
| $7.16 | $7.17 | $7.12 | $56.91M | 7.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 22411 | $7.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 31180 | 5 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| STO (ASX) Chart |