STO 0.94% $7.55 santos limited

IMO their lack of foresight in drilling further in the Benout...

  1. 1,633 Posts.
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    IMO their lack of foresight in drilling further in the Benout basin is a sign of their thinking. Why the delay? They're currently supposed to be looking for a rig and the delay indicates the bus has left the station. Many seem to be operating off Africa where the large companies are drilling with out delay. STO seems so slow in acting. I'm holding CVN as well and it seems that STO has let us down badly. It has cost us our long standing CEO which would not have occurred, IMO, if STO had been on the ball .I've joined the club that believes STO is and has been a "dog" for many years! Will be selling when opportunity presents .Good luck to the hardy long term stayers. I hope you get a special dividend from the sales in PNG and the part Dorado sale if they can find a buyer without FID.
 
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