Ann: Santos rejects Harbour proposal and terminates discussions, page-180

I don’t short stock out of principal. It’s a zero sum game. I make enough money going long.

I see oil going lower, or the same level at best.

My point is this, there is every chance we are due for a decent correction on the market. May have started last night. Not taking $7 at this time in the current environment is crazy.

The div yield at best will be 2-3%. At current levels that will that be 10-15 cents per year.
How many years will that take to make up for the difference in capital? Currently $1.30

Maybe oil will hold up as management predicted, maybe they do execute on their plans. Playing the odds though i’d rather take $7 now than hope for a premium on that years down the track. There will be a lot of luck involved in my view for this stock to be above $7 any time soon