STO 2.63% $7.02 santos limited

What is TRUE value of SANTOS?, page-7

  1. 3,534 Posts.
    lightbulb Created with Sketch. 8
    Put STO and OSH side by side:

    Market cap: STO $12.9bn, OSH $11.9bn
    Net debt: STO $2.5bn, OSH $2.9bn
    Risk: OSH has one single egg in PNG basket (others not counted as egg yet) while STO was victimised for the east coast gas "crisis".
    Assets (reserves, plants..): STO has much larger asset values.
    Free cash flow: STO made about $100m more per quarter at this oil prices.

    STO was fixed with a cost to its shareholder, no doubt at all. It is gaining shareholders trust, showing values and mentioned of dividends several times in the AGM. I believe the board will wait for the bid before they make the next move. I think Harbour will sweeten it a bit more when it presents its bid. GLA.
    Last edited by oilman01: 03/05/18
 
watchlist Created with Sketch. Add STO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.