Wonder what effect (if any) BG's write down in its QCLNG directly due to forecast cuts to revenue.
From today's Australian, CEO Andrew Gould said
"The weakness of demand almost everywhere outside of the US is a major factor"
"If it relies purely on supply, it will be a question of two or three years (before prices head significantly higher) in my opinion"
Noted that even at US$55 Bbl QCLNG was operating at a comfortable cash margin
Motley on STO, page-14
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| STO (ASX) Chart |