STO Santos Limited

[JBmurc]

FYI, I heard the Saudis are gong to list some of their assets.
You would have thought they would have done this a year ago!

Thats one big IPO ....Saudis looking to cash in on some of their assets to shore up balance sheets ?

[Daytr]

Oil getting smashed again. A year ago I called for $32, seems I was optimistic.
I'm now thinking $18 - 22 as a low.
Until we see bankruptcies in the energy sector this ain't bottoming.

[JBmurc]

Iran to bring on stream 500mbbl+ ....next week or so ....this will add to the 1mill+ excess capacity certainly mid 20's IMHO

Now How the Hell can Shale oil and tar sands (need $50-$70bbl to break even) still be operating let alone many other non M.E producers
there is one **** storm coming that's for sure will make the GFC look like a sunday picnic

[Corporate]

Iran to bring on stream 500mbbl+ ....next week or so ....this will add to the 1mill+ excess capacity certainly mid 20's IMHO

Now How the Hell can Shale oil and tar sands (need $50-$70bbl to break even) still be operating let alone many other non M.E producers
there is one **** storm coming that's for sure will make the GFC look like a sunday picnic

Surely they are on average all operating at a cash loss. Although I saw a report yesterday suggesting that in the short-term they might be just breakeven (excluding capex).

[Daytr]

I don't think you can exclude all capex as the nature of their business is they have to keep developing the gas field to extract it. I'm referring to GLNG.
I think they need around USD45/bbl to break even and that's not repaying any debt.
It maybe a bit lower than that since they reduced their debt burden, but I would suggest its close to that sort of number.
We will know in a few weeks when they release their half year report.

Surely they are on average all operating at a cash loss. Although I saw a report yesterday suggesting that in the short-term they might be just breakeven (excluding capex).

[h2so4]

I don't think you can exclude all capex as the nature of their business is they have to keep developing the gas field to expect it. I'm referring to GLNG.
I think they need around USD45/bbl to break even and that's not repaying any debt.
It maybe a bit lower than that since they reduced their debt burden, but I would suggest its close to that sort of number.
We will know in a few weeks when they release their half year report.

It's a disaster in the making if oil continues to freefall.

[JBmurc]

It's a disaster in the making if oil continues to freefall.

Even if oil doesn't continue to fall but stays under $40bbl USD longer term ,,,,we will see some big names fall ..and billions of investment funds wiped out ...if not trillions

[JBmurc]

STO down hard again on open $2.67!! sub $2 ?? Tax loss selling May/June could well see a bottom ..

[stoploss]

http://www.smh.com.au/business/how-t...27-gmev9l.html

[Joshuatree]

Santos in play?. Homy capital now have 80 mill shares re 3.2% of STO.half were bought for$3.98 current price. S/p lept today to $3.85 currently.