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SANTOS LIMITED (ASX:STO) - $50-60 New Normal or U.S Shale Bubble?, 32302987, page-793 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
STO 2.63% $7.02 santos limited

Croas, I have a slightly diff perspective ...... STO has been a...

  1. 3,607 Posts.
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    Croas,

    I have a slightly diff perspective ......

    STO has been a doggie for >15yrs ......in terms of its economic rtns .........

    any decent oil co makes >25% roe in "normal times" ........

    excld the write-offs, STO is a 8-11% in normal times, and 15% in good times .....

    it is most interesting that Habour - is using basically 100% debt to make the offer, and essentially allowing large hodlers that want to remain in - that opportunity .....(basically - STO is a long-dated call over the oil price) ..

    wil be interesting to see how it plays out...

    rgds
    V_H
 
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