Brent crude may break through
50 tonight. Hope so.
DYOR.
Is Santos Ltd set to become the biggest comeback kid of the oil sector?
Credit: greig davidson
By Brendon Lau - September 17, 2015 | More on: STO
Is the bad boy of the oil & gas sector set to become the biggest comeback kid in the industry? I am talking about Santos Ltd (ASX: STO), which is surging to its highest level this month on the back of a resurgent oil price.
The debt-laden energy stock jumped 4.7% to $5.13 in early trade as the Brent and West Texas Intermediate oil price benchmarks gained nearly 5% each.
Falling US oil inventories and easing worries about the health of the Chinese economy are behind oil’s rally and this couldn’t come soon enough for Santos with its share price plunging…
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Last
$7.74 |
Change
0.040(0.52%) |
Mkt cap ! $25.13B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.76 | $7.70 | $33.39M | 4.330M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $7.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.74 | 85949 | 2 |
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| Last trade - 16.10pm 15/07/2025 (20 minute delay) ? |
| STO (ASX) Chart |