Santos Limited (STO)
All research reports and stock updates for Santos Limited.
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Ripe
Santos has a problem.
Gift horse
Santos may be taking its time, but the wheels are turning towards some asset sales. The free cashflow is already finding its way back to shareholders, but there is much more to come. The share price continues to be in denial.
Textbook
Santos has announced a new capital management framework that aims to achieve a balance between growth and returns to shareholders.
Oil for UD$10/bbl
Santos has just made a significant oil discovery in offshore Western Australia, with the (high) prospect of substantially more to come, but the share price barely moved on the announcement. What is the market waiting for?
Self-funded growth
It will require a little time and patience for the newly-merged company to unlock the treasures within and turn the opportunity into a virtuous circle of growth funded by free cashflow. Just as importantly, there will plenty left over for shareholders too.
Fighting fit
The ‘old’ Santos is going out with a bang and the newly combined Santos-Oil Search is already presenting an enticing bouquet of projects and possibilities. STO’s record annual production has coincided with sharply rising commodity prices.
A timely fusion
Just as the world is blundering its way to more hydro and less carbon, distracted by the emissions epiphany, a sensible and timely merger of two Australian oil and gas companies will create real value for its shareholders.
The no fuss, quiet achiever
A strong base business together with rising commodity pries is churning out record amounts of free cash flow for Santos and this looks set to persist into the next quarter. STO is on track to complete its merger with Oil Search this year leading to the creation of a top 20 company in Australia.