Buying spot cargoes to meet contractual requirements would be cheaper than buying third party gas from domestic sources anyway. Surely Santos' first choice would be to sell their gas domestically while prices are so high.
As for contractual obligations, I imagine there would be a force majeure clause in case of government intervention etc.
As for Kevin Gallagher, wasn't he crowned CEO of the year 2013?
http://www.clough.com.au/news/2013/11/29/kevin-gallagher-wins-ceo-of-the-year
"Kevin Gallagher, CEO and Managing Director of Clough Limited, beat more than 100 of Australia’s top business leaders to be named the CEO of the Year at an awards ceremony in Sydney last night.
Under Kevin’s leadership, Clough has achieved unprecedented success through a strategy focused on project execution excellence, cost efficiency and enhanced productivity."
STO - BUY IMO, page-110
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Last
$6.79 |
Change
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Mkt cap ! $22.05B | |||
| Open | High | Low | Value | Volume |
| $6.82 | $6.84 | $6.75 | $39.49M | 5.822M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 98628 | $6.75 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.79 | 4571 | 1 |
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| STO (ASX) Chart |