This is apropos of nothing, but at this price, I can see a takeover target on STO back more clearly now than any time in the past.
Market Cap is ~$6bn
Asset Value of GLNG alone is $20bn (leaving out the $5bn blowout)
Santos' other assets in the Cooper Basin (Moomba/Ballera) and the NT (Mereenie) as well as offshore would make it a nice cheap foothold for someone to join moves by other international majors, Chevron (Wheatstone), Shell (QGC/BG), ConocoPhilips (APLNG) and ExxonMobil (Gorgon).
My guess would be BP, as they have a toehold in Browse as a minor JV partner. In the Shell bid for BG, they posted a 3GBP per share bonus as well as a 0.445 swap to Shell B shares for BG Shareholders. This was a nice, rich deal to presumably nullify any protracted wranglings.
The David Knox move to lift the 15% foreign ownership cap imposed by the SA government facilitates a takeover, hostile or otherwise.
Having said that, I'm not sure I would put my money where my mouth is just yet
Must be a painful watch for mum n dad investors though, seeing this bluechip taking a near geometric race to the bottom.
This is apropos of nothing, but at this price, I can see a...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.46 |
Change
0.030(0.40%) |
Mkt cap ! $24.22B | |||
| Open | High | Low | Value | Volume |
| $7.45 | $7.47 | $7.41 | $73.67M | 9.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32408 | $7.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.46 | 69709 | 6 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |