X,
I own a few ORG (in preference) to STO. just my personaly risk / return perspective!
to answer your question - yes - I have owned this stock previously (many yrs ago), circa 4/share ......early 2000's .....
prod - assumg Narr - would add 30-40pj's p.a. .....tight gas (actually reqd imho) could replace "conv" in the CB ......
downside case - no fracc, flat OP - then prod declines domestically .....capex still reqd for CB to furfill exsisting contracts ....
this (obviously) impacts free c/flows ...
at current OP futures curve - circa 450 - 500 (my est)......obviously leveraged to OP.......oil prices runs to 70-75 : then this is a 6+stock (imho) .....
GM12 - sto have been producing "tight gas" for at least 5-6 yrs ........many many wells have been r/c in tight sst's ......
https://www.atse.org.au/Documents/Events/SA Manufacturing/nick-panagolpoulos-sa-shale-gas.pdf
STO - has already booked as reserves / resources ......prices obviously affect this (and hence my comment above) .....
http://gastoday.com.au/news/santos_and_the_cooper_basin_the_next_frontier/93322
rgds
V_H
STO Investor Briefing, page-34
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Last
$6.82 |
Change
0.100(1.49%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.84 | $6.71 | $42.88M | 6.307M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13309 | $6.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 58478 | 6 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
