Deutsche Bank 05/10/2009 1 Buy $20.85 41.1%
The broker has increased its global economic growth forecast from 2.5% to 3.5% in FY10. This increases oil demand expectations, but the broker notes oil inventories remain high. The broker now forecasts average prices of US$75/bbl in 2H09, US$65 in 2010 and US$80 in 2011.
The broker has adjusted all energy stock earnings forecasts for its oil price change, offset by an adjustement to its currency forecast.
Santos' target rises from $20.60 to $20.85.
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Last
$6.79 |
Change
-0.040(0.59%) |
Mkt cap ! $22.05B | |||
| Open | High | Low | Value | Volume |
| $6.85 | $6.86 | $6.77 | $34.30M | 5.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16991 | $6.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 60994 | 2 |
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| STO (ASX) Chart |