STO 2.63% $7.02 santos limited

STO Dividend, page-4

  1. klu
    551 Posts.
    lightbulb Created with Sketch. 40
    - "Target US$2 billion in net debt by the end of 2019"
    - Net debt US$2.8b at end of Q3
    - "US$302 million free cash flow generated in the first-half" - $150m per Q

    My estimate: net debt will be reduced to $2.6 by end of 2017; and FCF $250m at POO $62.
    Plenty of FCF. Therefore, they have two options:
    (1) - reduce net debt below $2b before the end of 2018; or
    (2) - reduce debt by $100m each Q and have a 15 cents dividend per H
 
watchlist Created with Sketch. Add STO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.