STO 0.38% $7.89 santos limited

Ann: Santos rejects Harbour proposal and terminates discussions, page-170

  1. 3,352 Posts.
    lightbulb Created with Sketch. 117
    Totally agree. They are slowly turning the ship around. Now is the time to put your head down, bum up and pay down debt and reward shareholders who have been put through the ringer. Not the time to chance your arm with debt-laden acquisitions.

    Fair to say the onus is on the board to make good now having turned down $7 for shareholders. At the same time, we shouldn't throw our toys out of the cot because the crude oil price has had a small correction on an underlying uptrend; nothing goes up in a straight line.

    Cheers,
    A62.
 
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