STO - BUY IMO, page-31

AFR today had harsh words for the Santos
Saying that it has wolfed up all the extra gas from everywhere including Victoria
Because it didn't have the reserves to fulfil its LNG contracts
Threat that Govt may act to curtail exports for the greater good of the domestic market
What would happen to the Santos then ?

Also talk of a gas swap idea - cheaper to buy the gas in Korea than to buy it domestically
Seems incredible but true it is
Maybe contracts would have to be varied
Is the brilliant EXCOM up for the challenge?

Shell should take the opportunity to gobble the Santos
And guarantee more gas for the domestic market
As in the current environment I doubt the ACCC would care
As long as the greater resources of Shell are used to develop more gas

Santos at $4 would be a snack for Shell
We would at least get something back
The market would be rid of this chronic underperformer
We would like more than $4 but time has run out for Santos
The Govt is losing patience
With the business owners and voters at its heels