So we have a company that is considering selling revenue generating assets (pipeline) & pay dividends.
I would suggest there is a very large assumption that oil & gas prices will be considerably better in the future.
This is not the role of a company to make such assumptions.
They obviously didn't see this crunch coming, so why on earth would they think they know that things will get better & not worse.
Virtually every region in the world is looking at or revving up gas production.
Wouldn't the prudent thing to do be suspend dividends & pay down as much debt as possible.
Instead they will be increasing debt!
These guys remind me of politicians where all they care about is the short term & getting re-elected.
- Forums
- ASX - By Stock
- Dividends OK
So we have a company that is considering selling revenue...
-
- There are more pages in this discussion • 111 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
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
Add STO (ASX) to my watchlist
|
|||||
Last
$7.94 |
Change
0.000(0.00%) |
Mkt cap ! $25.78B |
Open | High | Low | Value | Volume |
$7.97 | $7.99 | $7.93 | $47.72M | 6.006M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 67051 | $7.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.95 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 7.940 |
2 | 30721 | 7.930 |
5 | 82345 | 7.920 |
3 | 50902 | 7.910 |
5 | 12247 | 7.900 |
Price($) | Vol. | No. |
---|---|---|
7.950 | 2000 | 1 |
7.960 | 1267 | 1 |
7.970 | 19500 | 5 |
7.980 | 60472 | 9 |
7.990 | 42974 | 10 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
STO (ASX) Chart |