STX has NO sovereign risk.
STX has very little operational risk in Texas.
STX is close to pipe (thus cash-flow) for all Texas projects.
STX has a high success rate in the well defined proven Wilcox geology.
STX is cash flow positive......
That is the key as far as I am concerned. Take ERG for example, billions in contract, but can't make a cent - which is useless to the shareholders at the end of the day.
The biggest attraction about Rayburn (to me anyway) is the margin! Onshore wells (lower drilling cost and ongoing opex), close to infrastructures (rapid timeframe from completion to production sales, and minimal cost to bring asset to market), high flow rate (thus, fast rate of ROI), etc. What does all these means? Lower investment risk since cost recovery is very fast (3-4 months), proven geology (derisked with so many appraisal drilled and consistent high prod rate with no decline yet), and highly profitable.
618
who s selling, page-10
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $501.4M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.5¢ | 16.8¢ | $2.209M | 12.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 557444 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 1520968 | 6 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| STX (ASX) Chart |