Will Santos ever recover?, page-521

@BLJ from my experience in the markets mate, and this has been learned the hard way over time, you need to understand that the stock has been running up into this result since January 2 (see below). So by the time the report comes out, the market is fully expecting and factoring in the news already, hence some temporary upside on open this morning followed by the selling of the fact. It's a great result, but debt levels and the CAPEX figure for next year and going forward cannot be ignored. And at the end of the day, if/when oil sneezes the stock reacts the hardest to that also.