Yes, agreed. Based on what we know, the value should be closer to that 0.45-0.5 bracket.
Upside from there will depend on a few catalysts:
- Capital Management program - Efficiency related improvements and low capex growth options at Atlas and WSP - New long term gas contracts - Results from Bowen basin exploration program - Upside to oil from economic recovery next year
SXY Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held