Improved Dorado economics can support capital efficiency
• Many investors have expressed a preference for Santos to harvest FCF
from existing projects (Barossa, Pikka) vs. entering a new major investment
cycle with a project such as Dorado (and Papua LNG - for which STO
does not control timing). We believe improved economics at Dorado will
allow STO to selldown its Dorado interest such that the majority of its
net Dorado project capex will be funded by a selldown transaction (ie. we
expect STO to selldown on better terms vs. CVN's 10% selldown to CPC of
Taiwan for US$146m).
• We expect the market to likely need to raise Dorado valuations (MRE
Santos valuation includes US$1.4bn or A$0.64/sh based on 80% project
interest at 60% risking factor and on our long term US$65/bbl Brent oil
assumption).
- Forums
- ASX - By Stock
- Ann: Dorado Project Update
Improved Dorado economics can support capital efficiency• Many...
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
22.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $393.5M |
Open | High | Low | Value | Volume |
22.0¢ | 22.0¢ | 21.0¢ | $717.4K | 3.325M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 492511 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 292919 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 327511 | 0.215 |
13 | 435757 | 0.210 |
6 | 290251 | 0.205 |
11 | 1414272 | 0.200 |
9 | 418363 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 292919 | 7 |
0.225 | 399662 | 7 |
0.230 | 1622063 | 20 |
0.235 | 1172793 | 15 |
0.240 | 684553 | 8 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
|
|||||
Last
21.8¢ |
  |
Change
0.000 ( 1.14 %) |
|||
Open | High | Low | Volume | ||
21.8¢ | 22.0¢ | 21.0¢ | 1828242 | ||
Last updated 15.59pm 17/05/2024 ? |
Featured News
CVN (ASX) Chart |