Interesting article in Morningstar's weekly newsletter regarding oil whereby they reviewed the position of the major players. I thought I should share some of the commentary regarding Santos for the forum.
We project STO’s ROIC could exceed our assessed 9.7% weighted average cost of capital by as soon as 2025. However, this reflects the Barossa to Darwin LNG project, and then the likely prolific Dorado oil project, coming on-line, rather than Gladstone. Our base case does not now canvass Gladstone expansion. We project cumulative capital expenditure of $4.0bn, beginning 2022 on the Dorado oil project and the Barossa to Darwin LNG upgrade. But this is excellent near-term bang-forbuck expenditure, increasing group production by 65% to 125mmboe by 2026. Capital efficient development and fast up-front cash flows from Dorado’s oil should combine to ensure leverage ratios continue to decline from current levels despite outgoings.
Santos - Dorado News
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $268.3M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.5¢ | $226.3K | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 396878 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 2549808 | 11 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |