Santos have their own problems at the moment. By Ross Kelly, Dow Jones Newswires. "The Adelaide-based oil and gas producer is expected to report a more than 50% fall in annual operating profit, having already disclosed a 21% decline in full year revenue. The median of six analysts' forecasts compiled by Dow Jones Newswires points to a 56% slide in operating profit for the year ending Dec. 31 to A$254.0 million from A$571.6 million a year earlier. Statutory profit will fall heavily after last year's figure was artificially boosted by the sale of coal seam gas acreage to LNG joint venture partner Petronas." Could well be be a disappointing announcement come 28th Feb. DYOR....Uncle.....
CIG Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
