With four fully funded high impact wells expected to be drilled on two potentially company making projects over the next two years, Melbana Energy is now realising the fruition of a period where it has built up an unrisked Prospective Resource base of 1.1 Bboe. Show More
The chronology of events this past 24 hours is rather curious and provides somewhat of a conundrum as to how to play the current machinations. Santos has stated today that on the 14th of August the company received a confidential, non-binding, conditional and indicative proposal to acquire all the shares... Show More
In this short video we discuss the features of STO’s first half of operations, which saw the group report an underlying profit of US$156 million compared to an underlying loss of $5 million a year earlier and a net loss of US$506 million, which included a previously announced US$689 million... Show More
Energy producer, Santos Limited (STO) reported a net profit of US$156 million for the first half of 2017 against a US$5 million loss in 2016. The company has been in a rebuilding phase over the last 18 months and is well on the way to meeting its renewed strategy under... Show More
Santos (STO) has reported a full year net loss of US$1.05 billion - almost halving the loss in the previous corresponding period (pcp) of US$1.9 billion. The result was in line with expectations and was driven by previously announced impairment charges totalling $1.56 billion, including the $US 1.1 billion charge... Show More
Tom Piotrowski speaks with Santos (STO) CEO & MD, Kevin Gallagher about the company’s turnaround strategy and its share purchase plan which closes on January 31 To view more Executive Series interviews, visit: https://www.commsec.com.au/market-news/executive-series.html Show More
Tom Piotrowski speaks with Santos CEO & Managing Director, Kevin Gallagher about the company’s half year results and efforts to cut costs to combat the low oil price environment To view more Executive Series interviews, visit: https://www.commsec.com.au/market-news/executive-series.html Show More
Energy stocks were being viewed by some as great buying opportunity a year ago because of the plunging oil price. Yet despite the recent relief rally, the oil price is still 60 per cent below where it was two years ago. Show More
Santos Limited (STO) reported full year underlying profit of $50 million, short of the market’s expectation of at least $86 million For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
Santos shares have resumed trade on Thursday after the energy giant completed it $2.5bn capital raising Show More
One thing we find unfathomable is when management announce sizeable write-downs or impairments and then have the complete disdain and contempt to declare in the same breath that it is ok because it is a ‘non-cash’ charge to the accounts. My goodness! The only reason it is a ‘non-cash’ charge... Show More
CommSec’s Juliana Roadley speaks with Santos Limited (STO) CFO, Andrew Seaton about the company’s recently completed strategic review & its operational milestones To view more Executive Series interviews, visit: https://www.commsec.com.au/market-news/executive-series.html Show More
Santos has reported an 82% fall in first half net profit to $37 million. Output was strong, with a 13% rise in production to 28.3 million barrels of oil equivalent over the period For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
Prior to the oil price collapse, Santos Limited had the highest forecast earnings per share growth profile of any of the large capitalisation companies on our grid. Fast forward 6 months and the oil price has very clearly diverted investor focus away from earnings growth and onto the balance sheet.... Show More
Santos (STO) still has value. Santos (STO) reported an underlying profit of $553m which was in-line with consensus forecasts. The final dividend of 15c is down on the 1H14 dividend of 20c (flat on 2H13) and may disappoint some. We continue to see value in the stock for longer-term investors but... Show More
At the heart of most cycles (and prices) lie the fundamental laws of supply and demand. Recent months have offered some salutary lessons on the susceptibility of many systems to apparently small changes in this balance. Oil and iron ore prices have reacted savagely to seemingly gradual shifts in the... Show More
CommSec CBA Executive Series: Santos Limited (STO) In this short video, CEO Mr David Knox talks about; • The highlights of STO's recently released Full Year Result • Returning capital to investors • STO's expectations and time lines in relation to key projects, Papa New Guinea LNG (PLNG) and Gladstone LNG (GLNG)... Show More