I knew Wpl will acquire someone but I didn't think about OSH as I believe there are some good conventional prospects in WA and NT. I bought awe and org because of that highly prospectivity.
NT are recently attracting international buyers. Org is going to unlock the Beetaloo basin. McArthur Basin is also the good one.
Santos has 4 best plays in SA, QLD, NT and PNG. It's simply the best senior shale player. I couldn't imagine the Sp. Is at all time low.
Actually everything are dirt cheap in Australia shale industry but oil price is a major hurdle.
Keep watching the oil price and those sort of OG stocks will respond like a hurricane.
Statoil is the following bidder as It's been searching for acquisition since last year due to the fact that one of its JVs was in solvency that why It couldn't explore the NT.
This is the best time for Statoil to look at STO.
Oil price is going to stabilized and if Sto could overcome this mental time. Its sp could be the best turnover.
Takeover Looming, page-4
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Last
$7.99 |
Change
0.050(0.63%) |
Mkt cap ! $25.94B | |||
| Open | High | Low | Value | Volume |
| $8.00 | $8.02 | $7.97 | $30.03M | 3.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 34454 | $7.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.99 | 16562 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |