The acquisition adds apprx 17% accretive Free cashflow for Santos for 2019 & STO have used USD65/bbl POO to estimate this. So yes extra FCF helps in paying a component of the debt this year. Assuming no major dramas with oil price or force majeure events it should b business as usual for STO.
Took them a while to turnaround the SP post the Harbor Offer & Asset sales in Asia & OZ (ole, Kipper, Minerva, Mereenie, Stag etc). I think they'll b more focussed on their Core business assets for now to deliver growth at steady/low costs.
Is acquiring Quadrant a good idea?, page-93
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Last
$6.84 |
Change
-0.080(1.16%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.94 | $6.75 | $97.69M | 14.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 96681 | $6.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 5679 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |