STO 2.63% $7.02 santos limited

Mkr, I personally don't think they are doing their job if they...

  1. 2,949 Posts.
    lightbulb Created with Sketch. 88
    Mkr, I personally don't think they are doing their job if they are saying that.

    Q4 2016- LNG price was $6.94, crude was $52.79 - total revenue $753m
    Q3 2017 - LNG price was $7.50, crude was $53.28 total revenue $793m
    Q4 2017 - LNG price $8.00?????, crude $63????? - total revenue definitely more than $753m + 1% from Q4 2016.

    Revenue was 5% higher than Q4 2016 in Q3 2017, with oil prices around $10 per barrel lower than what I anticipate in Q4 2017. I'm expecting revenue of around $900m - or 20% higher than a year earlier. Serious cash flow. Happy to be wrong, but even with volume adjustments I think they have rocks in their heads if they think it will be 1% different.
 
watchlist Created with Sketch. Add STO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.