Yesterday's announcement that an MD from BP is to join Santos as an executive VP in a new 'growth' division is very interesting.
Last month there was an article in a technical journal regarding Santos's Principal Technical Advisor moving from Santos to BP. This could be more than just a passing coincidence.
I bet a merger is on the cards.
Even though Santos share price has run well in the past 4 months, it is still cheap on an enterprise value per 2P reserves valuation.
Anyone else like to comment on whether a takeover by BP is likely?
TDF
santos and bp
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.79 |
Change
-0.010(0.15%) |
Mkt cap ! $22.05B | |||
| Open | High | Low | Value | Volume |
| $6.82 | $6.84 | $6.75 | $39.49M | 5.822M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 98628 | $6.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.79 | 4571 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |