With opex cuts and defferment of uneconomic projects / drilling, production will decline eventually, so Santos can't just keep producing more. Cash flow drop will be mitigated with cost cutting and increased efficiency most likely. Side note, most oil companies are highly inefficient in its spending due to the glut of high oil price it enjoyed. Now it's time to get lean to survive.
Can STO survive, page-297
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Last
$7.03 |
Change
0.005(0.07%) |
Mkt cap ! $22.88B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.08 | $6.98 | $16.15M | 2.297M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 23980 | $7.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.03 | 33947 | 26 |
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| Last trade - 11.16am 01/10/2024 (20 minute delay) ? |
| STO (ASX) Chart |