The acquisition adds apprx 17% accretive Free cashflow for Santos for 2019 & STO have used USD65/bbl POO to estimate this. So yes extra FCF helps in paying a component of the debt this year. Assuming no major dramas with oil price or force majeure events it should b business as usual for STO.
Took them a while to turnaround the SP post the Harbor Offer & Asset sales in Asia & OZ (ole, Kipper, Minerva, Mereenie, Stag etc). I think they'll b more focussed on their Core business assets for now to deliver growth at steady/low costs.
The acquisition adds apprx 17% accretive Free cashflow for...
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Last
$7.61 |
Change
0.030(0.40%) |
Mkt cap ! $24.71B | |||
| Open | High | Low | Value | Volume |
| $7.53 | $7.73 | $7.53 | $45.88M | 6.009M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 43717 | $7.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.62 | 4500 | 1 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |