Despite three sector rallies of 50% and more over the past seven years, shares in Santos (STO) are effectively unchanged from where they were in April 2008

Despite three sector rallies of 50% and more over the past seven years, shares in Santos (STO) are effectively unchanged from where they were in April 2008. Even the first six months of 2014, during which oil and gas stocks proved among the best sector performers in Australia and globally, Santos shares have continued lagging and delivered no lasting benefits to shareholders, other than a low-ball dividend yield of circa 2% (annualised). What has happened to the great promise following mega-investments and acquisitions from years past? Clearly, investors are focusing more on risk attached to Gladstone, rather than success in PNG? In my Weekly Insights this week I explore short term and longer term uncertainties that are keeping a lid on market enthusiasm. It appears there's a window of opportunity, but for how long exactly? (VIEW LINK)


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