santos and bp, page-4

This stock is an accident waiting to happen. The assets are poor, production volumes will halve in 3 years. There is an environmental disaster that someone has to pay for in Indonesia. The upcoming profit result will show that the average realised gas price has done virtually nothing (as they are contracted), contrary to some misguided analysis in the market. And to top off a good story, STO is presently short gas, having to buy it on market to meet contractual obligations. The recent buy-back was a smart way to take many retail punters off the register as the dividend rate is not sustainable. At $14+ with a stock that has low leverage to gas (as contracted) and oil prices (as mailnly gas), with a production profile that's falling off a cliff, there is no corporate likely to be buying this story.