divvy increase should come with cap return due to the PNG LNG selldown - when/if they pay and take up balance meanwhile IRR is best use for cash as long as they stick to the strategy - don't suck up to Aussie govt and get projects online. At some point a selldown of part of pikka when a US major wants some will provide next capital return. Unless there is franking I'll take a capital return and of course some actual capital growth as projects numbers and execution firm up. Having a CEO who doesn't want to exit would be good so STO is no longer looking for a offer so a bigger golden handshake is given!!!
Meanwhile WDS will struggle to staff and manage its projects IMO so Meg's strategy of a T/O and quick sell down of a STO project won't save her WDS. Looks like WDS going to have to maintain their infrastructure rather than let it run down.
Ann: WDS: Woodside concludes discussions with Santos, page-15
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.37 |
Change
-0.070(0.94%) |
Mkt cap ! $23.93B | |||
| Open | High | Low | Value | Volume |
| $7.45 | $7.49 | $7.37 | $73.51M | 9.917M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 51006 | $7.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.39 | 11000 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |