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.
They are relying on Barossa and Pikka to lift earnings but won't...
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Last
$7.46 |
Change
0.030(0.40%) |
Mkt cap ! $24.22B | |||
| Open | High | Low | Value | Volume |
| $7.45 | $7.47 | $7.41 | $73.67M | 9.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32408 | $7.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.46 | 69709 | 6 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |