Leigh creek will be a mistake as it does not meet the current...

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Teebee10

67 Posts.

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09/01/20

15:26

Post #: 42304431
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Originally posted by JCoure: ↑

Ralom, that they are after either SXY or a strategic partnership with OSH (after WPL was rebuffed, that has been a longstanding rumor probably in AFR as well if I recall correctly). I did not think a takeover offer too smart for STO buying OSH as what would be the point beyond OSH being cheap which it most probably is IMHO due to PNG geopolitical risk which STO has less of, and you have the PNG issue. ORG and or SXY would make more sense for STO IMHO and would not be so dilutive.

There are other projects STO could do without a dilutive funding requirement such as Leigh Creek's Energy project of which the SA Marshall Government has been so supportive. That would change my sentiment from sell to buy quick smart but just IMHO pls DYODD.

Ralom, I do not think STO's year has started by any scratch and POO will be volatile this year. It will come back a bit now that the Iranian thing was a non-event but it aint over yet. POO should send O&Gs higher, just think of the earnings ANNs of STO and others. the acquisitions will be one of them will go down due to dilution to the target, the target will go up due to the offer of the bidder.

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Leigh creek will be a mistake as it does not meet the current strategy to operate the 5 key assets the only acquisition santos should make would be to build on the 5 key assets, senex and oil search fit, origin is the one that would suit santos best imo they have mirrored each other for along time and share multiple assets in the same areas

STO Price at posting: $8.86 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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