the santos source in the papers on the weekend said they're in talks to sell a portion of the 13.5% PNG share. Selling 3.5% would give them around $1.7bn. Then they could sell another 2.3bn in assets making the total $4bn.
This would reduce debt significantly and the share price would be back around $6 easy.
Swiss move in for more Aus asset stripping, page-40
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Last
$7.18 |
Change
-0.185(2.51%) |
Mkt cap ! $23.30B | |||
| Open | High | Low | Value | Volume |
| $7.28 | $7.29 | $7.17 | $23.01M | 3.179M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 37183 | $7.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.18 | 30887 | 35 |
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| Last trade - 13.56pm 29/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |