The pundits say Santos isn't proving up its reserves quickly enough and that is complicating ongoing negotiations with buyers.
You might think that is consistent with DK claiming STOs ~19% stake in ESG as constituting part of STOs reserves.
Surely any thought STO might have had about postponing action til the HGO obligation expires has dissipated.
STO have $5 billion available to invest and there sp has bounced off $12.80ish back over $14.00 so their scrip has more purchasing power. They're capped at $11.7 billion.
Hey DK how about 1 STO share for every 10 esg shares plus some cash? You have no choice. You have to act quickly now to shore up reserves or STO will be left in the wake with no gas and no customers for a second train.
CJCC
ESG Price at posting:
79.5¢ Sentiment: None Disclosure: Held
