Monday will hurt, crude oil cartel has been damaged and broken by the Khashoggi murder, Saudi will now glut the market and the POO will react to the oversupply.
Money moved on Wall Street away from the upstreamers to the midstreamers and downstreamers, retail and commercial users of POO will now receive benefit, electric cars and hybrids will have their growth arrested.
Not great for STO in the short term but should be better for STO mid to LNG term.
Oil ain’t going away at these dirt cheap prices.
Will Santos ever recover?, page-459
-
- There are more pages in this discussion • 112 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.58 |
Change
0.110(1.47%) |
Mkt cap ! $24.61B | |||
| Open | High | Low | Value | Volume |
| $7.46 | $7.65 | $7.44 | $81.52M | 10.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70983 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.59 | 22923 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |