Santos and the Energy Sector bounced yesterday with oil finding support after recently retracing over 8% as expectations grew that the US would release its reserves to quell the surge in prices which has been stoking the inflation fire. We remain bullish crude oil into Christmas looking for fresh 2021 highs potentially a further 10% advance, hopefully such a move will give STO the backbone to test / break the psychological $8 area – over 15% higher.
scroll
Question asked
Question asked
Question asked
Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
Close
Performance for February & 4 stocks we like here and now
Close
Thursday 28th March – DOW up +477pts, SPI up +60pts
Close
MM remains long & bullish STO
Add To Hit List
Related Q&A
Why MM has reduced our energy exposure
Where to for crude oil?
What to buy with spare cash?
Relevant suggested news and content from the site
Podcast
LISTEN
Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
Daily Podcast Direct from the Desk
Video
WATCH
Performance for February & 4 stocks we like here and now
Recorder Friday 8th March
Podcast
LISTEN
Thursday 28th March – DOW up +477pts, SPI up +60pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.