June quarter production revealed rising oil prices that complemented the PNG LNG performance.
The focus is now on engagement with the Santos ((STO)) merger offer. Outside of the merger, the broker is looking for updates on the Alaskan sales process and whether the company will now sell a larger stake, given the transition in CEO.
Equal-weight. Target is $4.50. Industry view: Attractive.
Sector: Energy.
Target price is
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