So we have a company that is considering selling revenue generating assets (pipeline) & pay dividends.
I would suggest there is a very large assumption that oil & gas prices will be considerably better in the future.
This is not the role of a company to make such assumptions.
They obviously didn't see this crunch coming, so why on earth would they think they know that things will get better & not worse.
Virtually every region in the world is looking at or revving up gas production.
Wouldn't the prudent thing to do be suspend dividends & pay down as much debt as possible.
Instead they will be increasing debt!
These guys remind me of politicians where all they care about is the short term & getting re-elected.
Dividends OK, page-3
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Last
$8.02 |
Change
0.020(0.25%) |
Mkt cap ! $26.04B | |||
| Open | High | Low | Value | Volume |
| $7.95 | $8.03 | $7.95 | $72.35M | 9.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11377 | $8.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.02 | 299409 | 10 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |