STO 2.04% $7.99 santos limited

Long Term Future of Santos, page-347

  1. 2,179 Posts.
    lightbulb Created with Sketch. 68
    Seems like they’re in a black-out period for any share buy-backs. A shame really as I think we’ll turn the corner very shortly, on the share-price front.

    The market seems to value STO according to a Brent oil value, which is a little harsh. A further truth is that the stock;
    - doesn’t have any takeover premium assigned to it,
    - is bashed daily by extreme leftist propaganda,
    - is thwarted by failing to understand the new paradigms on native title,
    - has a history of high debt and
    - a history poor SH performance…

    In my view, they’re doing what they can and other than getting the dividend/buyback mix wrong at H1, I have confidence in the Board and the CEO.
 
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