ESG 0.00% 86.5¢ eastern star gas limited

sto look to be struggling

  1. 1,504 Posts.
    How long have they been trying to sell down their 9% stake? How long have they been in talks with customers? How are they going to get enough gas to feed their trains? When are the going to finalise their FID?

    I would of thought by now they would of made some progess on those fronts. STO sp is getting hammered and I reckon there is more to it than the super tax.

    I get the feeling STO will have to put off any acqusitive aspirations for ESG. Too risky given this tax but do they have any other option to get gas for GLNG elsewhere?

    It is such a shame, everything was going well with ESG ans the CSG sector. We were back at 1$ with 4 pilots online and now the whole game has completely changed. The tax more than likely will fail but when that is no one knows, which in turn means we may not see 1$ again for a long time.
 
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