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.
I saw that $38 per barrel, bit skeptical that they could run a...
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Last
$7.26 |
Change
-0.040(0.55%) |
Mkt cap ! $23.57B | |||
| Open | High | Low | Value | Volume |
| $7.29 | $7.33 | $7.22 | $33.06M | 4.550M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4026 | $7.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.26 | 27604 | 3 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |