STX has one advantage over SXY in that it is not based in...

  1. 34,376 Posts.
    lightbulb Created with Sketch. 891
    STX has one advantage over SXY in that it is not based in Queensland. When Premier Newman goes for an election on Jan 31, he is going against ASX seemingly pricing in an Australian recession & all these economic issues pervading Australia seemingly against the rest of the world. Punters don't necessarily look beyond the tier of Gov't when voting. I think Qld will get mightly beat up by royalty taxes if Gov't changes.

    SXY & all Cooper basin players may b affected by a change in Gov't to a Labor Gov't who got there by default, they might increase royalties, nationalise. IMHO, it is all due to a Federal Government that promised alot and then only raised Federal MP salaries & their expenses, the oz economy looks like a basketcase & in that context, I wouldn't be assurred of any gains on STX, SXY & DLS for at least six months.
    Last edited by JCoure: 14/01/15
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
20.5¢
Change
0.005(2.50%)
Mkt cap ! $586.4M
Open High Low Value Volume
20.5¢ 20.8¢ 20.0¢ $1.513M 7.397M

Buyers (Bids)

No. Vol. Price($)
1 18352 20.5¢
 

Sellers (Offers)

Price($) Vol. No.
21.0¢ 878886 12
View Market Depth
Last trade - 16.10pm 22/07/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.