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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$7.94 |
Change
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Mkt cap ! $25.78B | |||
| Open | High | Low | Value | Volume |
| $7.97 | $7.99 | $7.93 | $47.72M | 6.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 67051 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.95 | 2000 | 1 |
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