Just seems like risk on and $ are flowing back to oil and gas companies as funds are realising that because they have been so undervalued there is good % rise and value in them along with cash flow even if ecconomy slows as it is simply too expensive to bring on new supply so existing supply is at a premium.
Dividends- well not sure there will be a large change. The policy is there and not sure much franking will be avaliable and realistically $ are better at getting a IRR so maybe a furthe rbuyback again or simply pay down debt more agressively along with bring forward projects eb=ven at a higher initial cost to get them online
STO Well positioned, page-380
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Last
$7.74 |
Change
0.090(1.18%) |
Mkt cap ! $25.26B | |||
| Open | High | Low | Value | Volume |
| $7.74 | $7.80 | $7.71 | $70.72M | 9.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20574 | $7.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.76 | 30000 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |