Santos Worthless, page-92

Thanks for posting, some interesting articles there & just shows the disparity in views.
The 2nd one was a very diplomatic cheer squad type letter almost, basically with little substance & a lot of reference to history and that we have seen all this before & all will be ok in the long run. Well that's one outcome...

The other two are more about the here & now.
The sanctions on Russia has sparked a lot more of this glut & sell down than is given credit for imo. However in 2011ish I was telling our project finance team there would be a glut as everyone around the world was lining up to do the same. Australia has the advantage that they have theirs built or at least almost, but they can expect the returns to be significantly lower than they probably ever anticipated & this is where the debt that STO could become an issue.