ACCC says gas giants’ record profits should pay for investment despite price caps

(the age 19-1-23)

don’t you just love the rhetoric that comes out of govt departments?

when prices were languishing in the negatives for oil recently didn’t see the same departments come to the rescue

why would a company not use its income to stabilise itself rather than go about recklessly as the accc is suggesting

KG keep doing buybacks and reduce the outstanding shares, debt and hold back on additional investing as the govt is two faced -with no clear understanding of the contingencies going forward

from all accounts it’s does look better to invest outside of this country and give others the royalties ie pikka than deal with the upteen dissidents that pop out of the woodwork when called upon

we have a broken system in Australia where processes are adhered to, only for the govt to keep changing the process as it sees its constituents leaving.

instead of STO being above $12 it struggles and bounces near its 12 month low

SANTOS we believe, unfortunately the peanut gallery have all the say atm

rc888