STO 0.15% $6.79 santos limited

Don't panic, page-22

  1. 4,534 Posts.
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    No doubt things have changed GB as you know I was talking about this a long time ago when the SP was more than double what it is now.
    I wouldn't rule out the SP getting back to double digit, but it will be quite some time.
    What I think we will see is gas being decoupled form oil pricing and a more liquid tradable gas market with more futures contracts and in particular an Asian futures market. Gas will take the place of coal & oil in many industrial applications especially power generation. So eventually I can see price separation and a much better outlook for gas long term than oil. This is why I have suggested some time ago that STO sell their crude production assets & concentrate on gas and look at expanding into renewable energy production as well, as its the future without doubt.
 
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