They are relying on Barossa and Pikka to lift earnings but won't happen until mid 2026. So for the next year will be stuck in a range of $7.20 - $7.80 depending on the oil price.
Mid 2025 to 2026 should see a rise to that range maybe $7.60 - $8.20.
Then from mid 2026 should see $8.50 - $9 plus depending on their dividend/distribution policy on whether they do buybacks or distribute funds and also distribute funds from sell-down of assets.
Management need to realise that returns to shareholders matter..buybacks and paying down debt instead will ensure the share price stays lower for longer.
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Last
$7.62 |
Change
0.160(2.14%) |
Mkt cap ! $24.74B |
Open | High | Low | Value | Volume |
$7.50 | $7.62 | $7.48 | $139.7M | 18.17M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 264300 | $7.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.63 | 118462 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 105 | 7.560 |
1 | 1450 | 7.550 |
1 | 800 | 7.510 |
1 | 68 | 7.500 |
1 | 2000 | 7.470 |
Price($) | Vol. | No. |
---|---|---|
7.630 | 100 | 1 |
7.640 | 5000 | 1 |
7.650 | 30221 | 14 |
7.660 | 2870 | 1 |
7.670 | 9807 | 3 |
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