I saw that $38 per barrel, bit skeptical that they could run a sustainable business at that price as depletion and service providers increase costs though.
The $1bn Euro Subordinated fixed interest notes at an average at 8.25% can be repaid in September reducing interest costs by $90m USD per annum at present exchange rates - effectively reducing that to $35 U.S. per barrel Brent Crude.
Ideally they pay off this debt and use their free cashflow to invest in growth prospects with perhaps an 8c dividend for the whole year.
I don't think you have to go back to work because of the price of STO unless you paid more than $8 per share. The sharemarket is clearly wrong in valuing STO at $4 and will eventually regain use of it's critical faculties.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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View Market Depth
No. | Vol. | Price($) |
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1 | 4031 | 7.240 |
1 | 4037 | 7.230 |
5 | 16192 | 7.220 |
5 | 12870 | 7.210 |
Price($) | Vol. | No. |
---|---|---|
7.260 | 26087 | 2 |
7.270 | 34119 | 2 |
7.280 | 34113 | 2 |
7.290 | 43236 | 5 |
7.300 | 14824 | 5 |
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