I agree , i am normally wrong but i think Santos is in a great position considering they are
1, paying down debt
2, on a oil price upswing
3, have a seemingly capable BOD
4, are not presently paying dividends.
Providing the oil price stays at this level or ebbs a little higher and nothing major backfires on them hopefully in 12 months time they will reinstate dividends and have a much stronger balance sheet.
CTP Price at posting:
18.0¢ Sentiment: Buy Disclosure: Not Held
