Santos Feedback?

[alexm]

Dear all,

For the share investors, what are your thoughts regarding Santos? Interesting article that I just read in the SMH.

http://www.smh.com.au/business/sant...nt-oil-price-broker-says-20150107-12jahi.html

Regards
Alex

 

[westminster]

Dear all,

For the share investors, what are your thoughts regarding Santos? Interesting article that I just read in the SMH.

http://www.smh.com.au/business/sant...nt-oil-price-broker-says-20150107-12jahi.html

Regards
Alex

In comparison Santos has struggled against its competitors that started at the same time - look up Woodside vs Santos. Santos being partially govt owned has always struggled to be the best that it can be.

 

[nomadic]

IMO it's a typical "scare" article to spook investors out of their stock. IMO a $7 handle on STO script is good value with a 2 year timeframe in mind, when cash will be flowing in, rather than rapidly flowing out, well ANZ seem to think so if they just recently approved the $1B loan for STO. don't know the terms or security offered, but a conservative bank like ANZ would not expect the equity to become zero. The true value of the Moomba plant's money making potential over the next 10 years alone is not reflected on the balance for STO's share, nor as mentioned the spot market for domestic gas prices.

The current oil price dip is temporary and crude will return to $100 a barrel by mid-2015

http://www.telegraph.co.uk/finance/oilprices/11262690/Why-black-golds-low-prices-wont-last-long.html