STO 0.13% $7.47 santos limited

No adviceWhy not set a trailing stop loss ( especially if you...

  1. 9,157 Posts.
    lightbulb Created with Sketch. 793
    No advice
    Why not set a trailing stop loss ( especially if you are noit watching market minute by minute but please read how they work at your brokers website) so no matter what happens you lock in a profit? Or just lock in a stop loss order and manually move it whenever you want a reasonable price awa y from current price based on current volatility?
    You never lose by locking in a profit and letting it run to the upside.

    Unfortunately for the world I don't see a short term solution to Russia invasion so there will be pressure on energy going forward. Even at higher energy prices it takes time and skill to get projects going and sold the marketplace and there has been massive underinvestment for 10 years. The woke green crowd are making investment hard in oil and gas especially as tehy are such capital intensive long payback investmemnts. and teh woke crowd have convinced a generation taht tomorrow alternative solutions at scale will magically pop up and work seamlessly.

    Well Kev is back full time now after his brain fart of thinking he could be on other boards so lets hope he is concentrating and realises the assett he has in full teams of experienced people who can actually plan and execute brown and greenfield discoveries so it still beats the crap out of me why he wanst to sell off elephants that are irreplacable and especially if they are done on valuations of lower oil / gas. Total and Exxon are withdrawing from Russia ( taking massive skill and technology base out of country) so they will be hungry for alternate projects / supply so if kev is really a seller he bloody well better get a massive premium or somehow lock in future upside from production or future discovery.

    China - net importer of oil and using as many sources as possible for security and peak oil usage at least 10 years out and that is with technology change and assumes only moderate rise in China living standards. Russia may have few markets of its oil and China doesn't want to get too close to Russia as it still needs to trade with rest of the world freely. China needs high quality low sulfhur oils as it has old refinery and needs massive investment to keep refining poor quality oils.

    Middle East love high oil price and won't flood teh market as they have also underinvested for yearsa nd will be loving the $3 cost and $100 plus sale price.
 
watchlist Created with Sketch. Add STO (ASX) to my watchlist
(20min delay)
Last
$7.47
Change
-0.010(0.13%)
Mkt cap ! $24.26B
Open High Low Value Volume
$7.50 $7.53 $7.43 $29.78M 3.988M

Buyers (Bids)

No. Vol. Price($)
3 33500 $7.46
 

Sellers (Offers)

Price($) Vol. No.
$7.47 23905 1
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
$7.47
  Change
-0.010 ( 0.14 %)
Open High Low Volume
$7.49 $7.53 $7.43 1271849
Last updated 15.59pm 14/06/2024 ?
STO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.