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Yes, the date for removal of the 15% shareholding cap draws nearer.
Meanwhile, controversy over the Indonesian mud disaster continues.
http://news.bbc.co.uk/2/hi/science/nature/7699672.stm
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Worth keeping an eye on STO on this down cycle. STO have been dressing themselves up for a takeover but the media speculation has died down a bit. Just what any bidding company will be hoping for.
Recent transactions still demonstrate to value in both the PNG LNG project and CSH reserves, despite the lower oil price.
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Santos and a weekly chart. Monthly momentum has turned up and the chart still looks positive.
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Member
sto
Originally Posted by airedale
Santos and a weekly chart. Monthly momentum has turned up and the chart still looks positive.
Hi Airdale, STO now starting to move, hows it looking on your chart now?
hope the weather is good over there, did your daughter have a boy or girl?
catch up when you get back. Ron
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Ron
STO looking good...
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Member
sto
Originally Posted by shasta
Ron
STO looking good...
Thanks Shasta,
hopefully things will keep moving, yes they are looking good. R
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Member
full year results
Originally Posted by shasta
Ron
STO looking good...
Good full year ann Shasta, $1.6 bil cash on hand.
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I note an earlier post on this thread notes that WPL has historically outperformed over all time frames. However on my numbers STO has outperformed WPL at all stages over the past 10 years (only marginally).
Anyway, a bit of chatter is back about STO being taken out. Apparently BG was very keen on STO until the mudflow incident, which is why they went ORG and then QGC. But that incident seems to have been partially resolved. I have also read where Shell would be very interested in STO as a feed for their Curtis Island LNG plans.
A couple of days ago STO broke sharply through its $15 resistance however has fallen back with the market. Will be interesting to see if anything unfolds over the next couple of months.
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Santos once again looking quite strong, up 4% as I type despite a down day for the market (ok its not keeping up with BOW)
Must say I am banking on this one being taken out some time this year so I get excited anytime its up substantially more than the market
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Santos up 5% as I type, outperforming other large cap oilers. I smell corporate activity
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