they are obviously forecasting a loss to date from ED and / or APLNG, given the profit downgrade. lets say the turnaround will not happen at ED to a point that is acceptable. What options do we have.....
a. Mining; demerger?
b. Drilling; merged with the energy division, but what synergies does this truely provide? the fleet are not CSG Drilling units and the single coil rigs going around can punch out the meters.
c. Energy; removed earlier than first thought from APLNG, no forward looking project out of APLNG in the short term. Santos still buying the story. Probably a few more project to come from that stable. Hope Arrow grows into the next APLNg - Gladstone Story and we are a part of it....
not downramping, just looking for reasonable discussions from all
WDS Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
