I've lost access to it as posted on the P.R.C. sites (Sina Weibo, wechat and GDT). Only seen it in the Western media reported in Fool Australia (whose the most foolish?) and other press articles: the MF Australia website made fleeting reference to it in their free post and only re Santos and the reason why WPL has been going up massively of late. Mickleboro, a noted Oil&Gas Bear, would sell all of them but to be fair to the O&G producers, he has always had that view. Like an arch-rival of Malcy
https://www.********.au/2018/06/07/top-brokers-name-3-asx-shares-to-sell-11/
A note out of UBS reveals that it has downgraded this leading energy producer’s shares to a sell rating with a reduced price target of $5.45. Although UBS has upgraded its oil price forecasts for the year ahead, it feels that Santos’ shares have already priced in a high oil price. Meaning the oil price would have to rise meaningfully from here to offer any upside. The broker has suggested that investors look at Woodside Petroleum Limited (ASX: WPL) instead of Santos. I think UBS makes some valid points, however I wouldn’t be a seller at this price. But I’d probably not be a buyer unless its share price was 5% to 10% lower.
Reminds me, where is Malcy? His compatriots are the reason the market is closed 2day, Trooping of the Color, Queens Birthday (pity they got that wrong by one and a half months), celebration of wins of wars about selling opium and all that.
The opium stocks on the market have been replaced by oil and gas. Thank God, we have FAR and WPL IMHO but pls DYODD.
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Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 50.0¢ | $17.80K | 35.26K |
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No. | Vol. | Price($) |
---|---|---|
3 | 46096 | 50.0¢ |
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3 | 37029 | 0.495 |
1 | 5000 | 0.490 |
1 | 38794 | 0.475 |
1 | 42553 | 0.470 |
Price($) | Vol. | No. |
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0.505 | 2951 | 1 |
0.510 | 345490 | 5 |
0.515 | 8560 | 2 |
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