STO 0.59% $6.79 santos limited

Narrabri is back to being a core asset - regulatory hurdles to...

  1. 179 Posts.
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    Narrabri is back to being a core asset - regulatory hurdles to get it into production, but if they can, it will be a significant write-back of value.

    Debt reduction is well on track - as of September, have retired $700m of the $1.5bn targeted reduction by June 2019.

    Market pullback today is healthy after such a strong unbroken run up from $3.94 - classic "buy the rumour / sell the fact" that only sets up a consolidation phase before the next run up.
 
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