Oil companies overseas are doing so much better in the same time space vs AU.
one of the possible black swan event is a trade dispute involving AU LNG. Can never say never, but unlikely is more probably. Given there will be significant financial cost if there are additional duties and AU is the world second largest producer
another reason is our companies do not take on debt to pay dividends. So from an investor point of view it is less attractor.
my $3000 dividend paid last week couldn’t even pay for a car service at Mercedes
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