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
$6.72 |
Change
0.075(1.13%) |
Mkt cap ! $21.56B | |||
| Open | High | Low | Value | Volume |
| $6.71 | $6.73 | $6.71 | $2.002M | 297.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 14497 | $6.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.72 | 13249 | 11 |
View Market Depth
| Last trade - 10.10am 07/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |