That's partially correct.
Obviously the actual debt increases with a lower Aussie as well in Aussie terms.
Since Dec 31, their USD debt has increased by over $1Bln in AUD terms.
Interest costs do increase again in Aussie terms.
Since their June 30 report the oil price has averaged USD11 below the price in the 1st half.
That's worth USD605M of revenue off their forecast production of 55M BOE. or A$840M.
They only made A$39M in the first half.
I don't think GLNG is going to make up anything like that difference.
So to say they will be cashflow positive due to GLNG is a big call & I suspect an incorrect one at the current poo.
Short & simple they need a much higher oil price.
Even now their best call would be to raise equity in my view, rather than sell a class asset with such a long life as their PNG asset.
- Forums
- ASX - By Stock
- The buyers just keep on coming
That's partially correct. Obviously the actual debt increases...
-
- There are more pages in this discussion • 210 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STO (ASX) to my watchlist
|
|||||
Last
$7.94 |
Change
0.000(0.00%) |
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. |
---|---|---|
$7.95 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 524 | 7.920 |
1 | 100 | 7.900 |
5 | 23815 | 7.880 |
2 | 8000 | 7.860 |
8 | 14483 | 7.850 |
Price($) | Vol. | No. |
---|---|---|
7.960 | 1267 | 1 |
7.970 | 210 | 1 |
7.980 | 29451 | 5 |
7.990 | 5197 | 3 |
8.000 | 111859 | 49 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
STO (ASX) Chart |