Sailfish, The website is badly in need of an update agreed. Info regarding other activities is mosly there though under 'news' or 'announcements' It does tend to imply an old school mentality. Not that i mind that much, I quite like the no-hype approach.
I would assume that management want to see some strong net cashflow from Leighton to help underpin their negotiating position before entering any new project.
They have also got to fund some of the 2nd Uganda well plus may need to tip in on the new lateral well for Eagle Ford too.
They navigated thru the GFC with the SP relatively unscathed, which could also reinforce the belief in sticking to a strong cash position.
Cheers
GBP Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
