Writedowns don't affect the asset value they affect management estimates of the asset value.
No-one knows where the price of oil will go but I think their estimates are now pretty conservative.
My estimate would be higher oil prices and expenses.
Time will tell.
Ann: Santos announces expected non-cash impairment, page-9
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Last
$6.84 |
Change
0.020(0.29%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $7.01 | $6.84 | $74.56M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 142192 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 81258 | 2 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
