Org announced an asset sale worth 1.8 billion from Contact Energy ad its share price dipped 30% since that time.
This is telling you that the market does not like negative balance sheets.
The only hope is an uptick in oil price coupled with an export of its 1st lng cargo due in very short notice. Spot Japanese lng price was UP for two consecutive months.
We need a highly skilled person to kick the ball. That’s person is the first income generation. STO has stored cheap local gas for nearly a year. Average local price was 50cents per tone. The spot price is USD $8 per btu
Org announced an asset sale worth 1.8 billion from Contact...
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Last
$7.66 |
Change
-0.010(0.13%) |
Mkt cap ! $24.87B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.73 | $7.66 | $51.80M | 6.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 125654 | $7.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.67 | 1506 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |