STO - Santos Limited

[Dona Ferentes]

Interestingly has fallen.
Maybe the 134 conditions is spooking the decision?

Been a long rumour .... Snow it's a fact, I can't imagine the opposition to this project giving up.

 

[UMike]

Couldn't help it...... Bought a bit more on the dip.

 

[Dona Ferentes]

"We’re not an electricity company so we’re not going to make a big announcement about going into renewables. Why? Because I don’t see much money in it, No 1. And No 2 it’s already a very, very crowded space. Electricity markets and retail markets are very crowded. We will continue to operate in fuels.”
Kevin Gallagher, CEO, Santos Ltd

 

[sptrawler]

"We’re not an electricity company so we’re not going to make a big announcement about going into renewables. Why? Because I don’t see much money in it, No 1. And No 2 it’s already a very, very crowded space. Electricity markets and retail markets are very crowded. We will continue to operate in fuels.”
Kevin Gallagher, CEO, Santos Ltd

You just need to look at Santos price chart over the last 20 years, to get a feel for Santos IMO.

 

[sptrawler]

Is Santos and LNG the next cab off the rank for Chinese sanctions? If it is, that should free up some gas for local consumption over East.

Santos hit by Chinese sell-down

A $785 million share sale in Santos by China’s ENN Group comes amid worsened trade relations between Australia and China.

www.afr.com

From the article:
Santos’ strategic alliance with its major shareholder ENN Group has fallen away as a result of a sell-down by the Chinese firm that has fuelled speculation the investment has fallen victim to worsened diplomatic relations with Australia.

 

[UMike]

Might be a tough Month.
Hoping the consolidation of synergies are being auctioned and taking into account.

 

[Garpal Gumnut]

In the world as it is today, warry and worried, anyone who has not got oilers in their portfolio needs their head examined.

I'm all for green energy, just as I'm all for ice cream on a hot day.

It's just the queue to get it in to one's mitt is too long atm.

STO is my pick amongst Oz oilers for strong consistent profit in oil and gas over the next ten years.

gg

 

[InsvestoBoy]

Someone posted this chart from their AR on twitter, I thought it was pretty interesting.

 

[InsvestoBoy]

STO is my pick amongst Oz oilers for strong consistent profit in oil and gas over the next ten years.

A quick tour of the LICs seems to show most of the managers prefer Woodside, out of AFI, ARG, AUI, BKI looks like only ARG has Santos in their top 20 (not that I have a preference either way).

 

[Dona Ferentes]

A quick tour of the LICs seems to show most of the managers prefer Woodside, out of AFI, ARG, AUI, BKI looks like only ARG has Santos in their top 20

probably because of a strong BHP allocation (legacy at that)

 

[UMike]

Dividend was very low considering.......
They better use that $$$ wisely

 

[dyna]

STO 's share of the Gladstone liquified natural gas project is only showing a 5 % return on the capital invested over the past 10 years or so.
That's a whole lot less than the minimum 11% p.a. , originally expected from the giant project.

 

[Smurf1976]

Is Santos and LNG the next cab off the rank for Chinese sanctions?

If China doesn't want it then I've no doubt that France, Spain, Italy, Portugal, Belgium, Netherlands, UK, Poland, Lithuania and Greece will between them be extremely interested in buying since they all have LNG import terminals and between themselves and the other EU countries they're in a desperate situation with gas supply right now.

There might be financial implications but in a physical sense Santos will have no trouble finding buyers as long as a ship can be found on which to transport it.

 

[sptrawler]

If China doesn't want it then I've no doubt that France, Spain, Italy, Portugal, Belgium, Netherlands, UK, Poland, Lithuania and Greece will between them be extremely interested in buying since they all have LNG import terminals and between themselves and the other EU countries they're in a desperate situation with gas supply right now.

There might be financial implications but in a physical sense Santos will have no trouble finding buyers as long as a ship can be found on which to transport it.

Yes maybe I was being too critical in 2021, things change, I have never found Santos to be a positive when I've held them.
They were offered $7 a share back in 2018 and IMO management hasn't really done anything to justify not accepting it.
I personally think Woodside at $22 was a far better proposition as a buy and hold person. But everyone to their own, Just my two cents worth.

 

[qldfrog]

Yes maybe I was being too critical in 2021, things change, I have never found Santos to be a positive when I've held them.
They were offered $7 a share back in 2018 and IMO management hasn't really done anything to justify not accepting it.
I personally think Woodside at $22 was a far better proposition as a buy and hold person. But everyone to their own, Just my two cents worth.

I was sentimental with sto a decade or so ago .a bit like Suncorp...
Qld strong, seeing signs around, some colleague from/to company,job opportunities etc bla bla..a perpetual disappointment.have not touched it for years and no regrets.
Seems its only value as a company so far has been to sell gas cheaply overseas..So Asia can thank them, not us....too harsh?

 

[dyna]

Yeah,... a dead-beat hopeless stock, but boy! what a gift for a trader with zero T. A. skills to speak of.
For decades I've been making a ton of easy money outta this piece of crap. In and then out of it, all the time. With quite big bets , too. Better than risking my precious capital on the gambling end of the market , down there, with the penny dreadfuls.
I'm not at all surprised to see the insto's not going anywhere near this bugger, though.

 

[Garpal Gumnut]

Dividend was very low considering.......
They better use that $$$ wisely

STO 's share of the Gladstone liquified natural gas project is only showing a 5 % return on the capital invested over the past 10 years or so.
That's a whole lot less than the minimum 11% p.a. , originally expected from the giant project.

If China doesn't want it then I've no doubt that France, Spain, Italy, Portugal, Belgium, Netherlands, UK, Poland, Lithuania and Greece will between them be extremely interested in buying since they all have LNG import terminals and between themselves and the other EU countries they're in a desperate situation with gas supply right now.

There might be financial implications but in a physical sense Santos will have no trouble finding buyers as long as a ship can be found on which to transport it.

Yes maybe I was being too critical in 2021, things change, I have never found Santos to be a positive when I've held them.
They were offered $7 a share back in 2018 and IMO management hasn't really done anything to justify not accepting it.
I personally think Woodside at $22 was a far better proposition as a buy and hold person. But everyone to their own, Just my two cents worth.

Yeah,... a dead-beat hopeless stock, but boy! what a gift for a trader with zero T. A. skills to speak of.
For decades I've been making a ton of easy money outta this piece of crap. In and then out of it, all the time. With quite big bets , too. Better than risking my precious capital on the gambling end of the market , down there, with the penny dreadfuls.
I'm not at all surprised to see the insto's not going anywhere near this bugger, though.

There does seem to be, how shall I put it, a little bit of negativity from ASF members on STO Santos.

The chart is quite interesting and far from negative. Although I am not about predicting the future with the cousins in China, Taiwan, Russia and Ukraine going hell for leather in a decidedly warry manner while Western Europe and the USA seem intent on electing the least fit physically and mentally to lead them.



A consolidation area in price since early July may break up or down, the RSI is pleasingly divergent, so my guess would be up.

Let us see what happens.

gg

 

[bux2000]

the USA seem intent on electing the least fit physically and mentally to lead them.

I am sure you would argue though "the least fit physically and mentally" Sleepy Joe is still far far superior to the Orange Man ?

All the best

bux

 

[qldfrog]

Yeah,... a dead-beat hopeless stock, but boy! what a gift for a trader with zero T. A. skills to speak of.
For decades I've been making a ton of easy money outta this piece of crap. In and then out of it, all the time. With quite big bets , too. Better than risking my precious capital on the gambling end of the market , down there, with the penny dreadfuls.
I'm not at all surprised to see the insto's not going anywhere near this bugger, though.

Actually, that is what i ended doing while completely novice, it was oscillating like a clockwork between top and bottom range..but was playing small at the time and got burnt a few times missing some exit etc..was working and not giving the time it deserved

 

[Garpal Gumnut]

I am sure you would argue though "the least fit physically and mentally" Sleepy Joe is still far far superior to the Orange Man ?

All the best

bux

Thanks @bux2000

I unfortunately put Sleepy Joe and The Bronze Loon on a par, equally unfit to lead the strongest country in the world.

I'm a Democrat by nature but see them beset by a form of political leprosy atm. and would prefer a RINO, which seems in reality impossible given the strive in which the RNC finds itself.

gg