Opinion
Sundance Energy gets a ‘buy’ from Merrills
Sarah Thompson and Anthony MacdonaldSundance Energy is cashed up after its sale of South Antelope for $US178 million, with zero debt and 60¢ per share in cash on the books.
Sundance, a US-focused unconventional gas explorer and producer, will have to pay capital gains tax on the approximately $150 million in profit on its initial investment if the money is not reinvested, suggesting management is on the hunt for opportunities.
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