It depends what form the decision takes. If they don't go ahead with JPP but decide in favour of FLNG, then this would be seen a big positive. i.e. a new project gets the go ahead but capital costs are likely to be reduced from 40 bill to 25 bill. Best thing for investors would be a share buy back plan, coupled with a increase in the dividend and an announcement about the new Pluto II exploration program (rumoured to be a new 8 well exploration campaign). Then we have the best of everything...
- lower capital costs
- new production from Leviathan and Browse via FLNG (added prospects in Spain/Cyprus)
- a reduction of the Shell stake (via a share buyback)
- higher divvy
- reduced risk and uncertainty
- & a new Pluto II exploration program
It depends what form the decision takes. If they don't go ahead...
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Last
$26.64 |
Change
0.580(2.23%) |
Mkt cap ! $50.58B | |||
| Open | High | Low | Value | Volume |
| $26.31 | $26.84 | $26.26 | $208.8M | 7.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 49672 | $26.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.65 | 1225 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| WDS (ASX) Chart |