V_H if oil was $70 U.S. per barrel then Santos would be selling the contracted LNG from GLNG at $12 U.S per mmbtu (based on 5.8 mmbtu to 1 mmboe).
At that price GLNG would make sense as an investment, PNG on the other hand makes sense at $8.
Fully agree that they need to invest more to cover depletion and $33 U.S. per barrel breakeven is no sustainable business. That can be said of the whole industry which has restructured itself for $60 U.S per barrel and will someday regret this myopic decision.
Ann: Santos announces expected non-cash impairment, page-30
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Last
$6.86 |
Change
0.035(0.51%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $7.01 | $6.85 | $32.87M | 4.737M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 50447 | $6.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.86 | 32265 | 38 |
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| Last trade - 13.59pm 19/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
