STX 2.22% 23.0¢ strike energy limited

Ann: South Erregulla Update, page-232

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  1. 8,755 Posts.
    lightbulb Created with Sketch. 3447
    The actual terms of the offtake agreement aren't public.
    From 31 August 2020:
    https://hotcopper.com.au/data/attachments/5977/5977696-f5d08be293a1489ee4932ae7b4b36717.jpg
    However, given gas prices were lower in 2020 and offtake agreements provide some inducements to the offtaker, you'd think the terms are now favourable to Wesfarmers. I imagine, however, that if Strike gets taken over the GSA will not come into effect. Perhaps this explains Wesfarmers strong stance against changes to the domestic gas policy (i.e. because Strike is a very good change of being taken over if the policy changes).

    https://hotcopper.com.au/data/attachments/5977/5977714-621e33c9cfc166047285720779e0f817.jpg

 
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