If you read the STO report they are cash flow positive.
They reduced their debt by about 500m, not bad. However around $400m of that was from asset sales.
As the POO and even better, then price of gas is increasing they will slowly chip away at their dept.
They do have a lot of debt, but also fantastic assets and a solid plan in place to meet their debt requirements.
I hold and am happy doing so for now.
Oil Rally Confirmed, page-1307
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Last
$7.21 |
Change
-0.155(2.11%) |
Mkt cap ! $23.49B | |||
| Open | High | Low | Value | Volume |
| $7.28 | $7.29 | $7.19 | $17.13M | 2.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 28791 | $7.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.21 | 43738 | 32 |
View Market Depth
| Last trade - 12.44pm 29/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |