The wider macro environment is also impossible to ignore. Consolidation is rife in global oil and gas.
Those LNG assets, set up to feed Asian customers for years to come, are the battleground. That is partly why the likes of L1 Capital want to see the company split into separate domestic gas and LNG businesses to create value.
Aramco and Adnoc aren’t interested in supplying gas into the tiny Australian market, surely. They have bigger fish to fry. LNG is Santos’ bigger fish.
The wider macro environment is also impossible to ignore....
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $370.8M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.5¢ | $79.62K | 442.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1457861 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 147000 | 2 |
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| Last trade - 14.45pm 12/07/2024 (20 minute delay) ? |
| TBN (ASX) Chart |