STO 0.28% $7.15 santos limited

whats wrong ?, page-8

  1. 2,916 Posts.
    Hope article below refers to STO. Was in SMH today.

    Shell sells $3.3b stake in Woodside Barry FitzGerald
    November 9, 2010
    .OWNERSHIP of the North West Shelf gas operator, Woodside Petroleum, is up for grabs after long-time shareholder and 2001 failed takeover suitor Shell sold a 10 per cent stake for $3.3 billion.

    The sale leaves Shell with a 24.27 per cent stake in the $36 billion Woodside, but is a signal that Shell could be an eventual seller of the rest of its stake - at a price - as it increases its direct investment in the Australian oil and gas sector through the development of its Queensland gas export project.

 
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