STO 0.73% $6.79 santos limited

Santos seeks $1.5b in damages, page-44

  1. 2,211 Posts.
    lightbulb Created with Sketch. 48
    Oil price seems pretty stable, if it sticks at this level for the next 12 months or so then they would have another $500m of cash with which to pay down $3,150m in net debt.
    Unless there is another substantial decline in oil a Capital Raising doesn't seem likely. More likely the opposite will happen and relative to say $1bn of free cash flow with $70 U.S. Brent Crude the remaining debt is chump change.
    GLTA
 
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