Yesterday we had Credit Suisse come out and say that STO was...

Yesterday we had Credit Suisse come out and say that STO was worthless or some such thing.
It raised the cockles of the hearts of Fairfax journalists.

What is really important is that alarmist reports and comments be called out for what they are..........WORTHLESS.

The fact is that the falling AUD against a very strong USD will cushion the effect of falling POO and when POO begins its stabilisation and recovery it will a major factor in STO's profitability. That comment from Credit S was a roadside incendiary device that bombed the poor Fairfax credibility.............

Another point of view................Macquarie

"AUD reporters see 2015 earnings rise by ~19%...: The biggest beneficiary
in the large-cap energy sector is STO, where earnings rise 37%. In the midcap
space BPT, SXY, DLS and AWE see the most uplift as a result of their
high exposure to USD-denominated oil with 2015 NPAT rising 24%-35%.
Meanwhile, the USD reporters (WPL, OSH, HZN and ROC) see a more
muted currency impact as lower USD operating costs are either diluted by
international operations or offset by lower domestic gas revenues."


A know cold showers are hard to find these days.............but I think they are needed