RE:RE:RE:RE:RE:RE:RE:RE:RE:Knock the stuffing out of this why don’t we.Low LNG prices can delay the Papua LNG project by a couple of years. That would mean HWO will be burning cash to maintain equipment while keeping the dividend alive. The reason for selling canadians operations to sit on cash for indefinite period of time tells how in-competent management is.
They have a lot of cash but zero value creation, hence this state of the company. Q1 would be a washout too because drilling started at the very end of the quarter. All in all this has been a dissapointment....Im cutting my loses and moving on. Maybe sometime in 2024, if we see Papua LNG this can come alive again. But till then, there is nothing to see and the stock will trade at these multiples.