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
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Last
$7.47 |
Change
-0.010(0.13%) |
Mkt cap ! $24.26B | |||
| Open | High | Low | Value | Volume |
| $7.50 | $7.53 | $7.43 | $29.78M | 3.988M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33500 | $7.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.47 | 23905 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$7.47 |
Change
-0.010 ( 0.14 %) |
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| Open | High | Low | Volume | ||
| $7.49 | $7.53 | $7.43 | 1271849 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| STO (ASX) Chart |