They said they were aiming to be cost efficient at US$25/bbl
Low A$ will assist
They have some hedging at higher prices
They could shut-in production rather than sell at low prices
They are mainly a gas company anyway but are oil-linked via GLNG
Henry Hub spot gas is about US$1.89
Japan LNG spot about US$3.40
Pretty low so you wonder whether GLNG should be shut-in
Saudis & OPEC may reduce production to boost the price ?
OIL PRICE AT $15 FOR MONTHS, page-2
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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 |