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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They are relying on Barossa and Pikka to lift earnings but won't...
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Last
$7.96 |
Change
0.010(0.13%) |
Mkt cap ! $25.85B |
Open | High | Low | Value | Volume |
$8.00 | $8.00 | $7.92 | $56.82M | 7.131M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 46134 | $7.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.97 | 55286 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 45446 | 7.960 |
6 | 54689 | 7.950 |
3 | 50507 | 7.940 |
2 | 21806 | 7.930 |
4 | 16134 | 7.920 |
Price($) | Vol. | No. |
---|---|---|
7.970 | 54254 | 1 |
7.990 | 23094 | 4 |
8.000 | 48951 | 15 |
8.010 | 48583 | 9 |
8.020 | 59659 | 7 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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