Credit Suisse values Santos shares at $0.13

Credit Suisse values Santos shares at $0.13. A theoretical exercise by Credit Suisse equity analysts has made the startling finding that Santos' equity is worthless when current oil prices and foreign exchange rates are assumed to persist for ever. Assuming oil prices of $US55.20 a barrel, and Australian dollar at US80.6¢ and a slope of 8.5 times for the east coast gas price results in a calculation for Santos's net present value of negative 13¢ a share, Credit Suisse energy analyst Mark Samter has told clients. Full article: (VIEW LINK) (Courtesy of Canaccord Sales note)

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