The debt term is in U.S. Dollars and they trade oil in U.S. Dollars so a lower Aussie dollar helps with getting a bigger return per barrel of oil but it means the interest bill is higher. So all in all it evens itself out. A lower Aussie dollar will be more benificial for Santos once the debt has been lowered to a reasonable amount, my guess is they will divest NT, WA & Vietnamese assets for around 2 billion. With GNLG tipped to come online next week they will be generating positive cash flow with oil/dollar prices how they currently are.
The buyers just keep on coming, page-37
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Last
$7.69 |
Change
0.050(0.65%) |
Mkt cap ! $24.97B | |||
| Open | High | Low | Value | Volume |
| $7.75 | $7.80 | $7.69 | $52.76M | 6.826M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 32086 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 27000 | 2 |
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| STO (ASX) Chart |