Reply to thread

I thought about adding Santos yesterday and had no time, in any case, my bet would have been small:

My view is that Santos as is is bankrupt at current oil price so:

either they get bought back underprice: good buy for the purchaser, a sucker for the long term holders who have paid the assets and will get zip in return;

or the Santos management sell some assets themselves: less loss for Australia but  in effect a loss for long term holders as well;

Overall bad deal except for traders..I have no grudge, I made some nice money trading origin as a side activity to the STO news