06/05/2025 09:25

Santos Ltd (STO) $5.84

Santos has outperformed its peers in 2025, only declining 12.5%, still not good, but we often prefer to buy strength in a particular sector. The companies' trading update in mid-April was well received by the market, aided by STO reiterating 2025 guidance—no negative surprises is good news.

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28/11/2024 09:54

Santos Ltd (STO) $6.64

STO is currently testing its 2-year low, and we see no reason to fade the current weakness. However, further M&A activity is possible with Saudi Arabia and the UAE touted as potential suitors, but this is not a stand-alone reason to start accumulating STO into fresh lows.

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29/10/2024 09:30

Santos Ltd (STO) $6.89

STO has noticeably outperformed heavyweight WDS in 2024 so far, slipping less than 9%. In a similar fashion to WDS, Santos is a play on oil/gas prices.

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20/09/2024 09:14

Santos Ltd (STO) $7.09

STO has outperformed its peers through 2024, only slipping 6.7%, aided by a lack of offshore selling; Santos' (STO) US holdings have held relatively steady, only declining from 15% to 14% since Jan-23. However, recently, STO’s share price performance has not been helped by their 1H24 net cash flow from operations coming in below expectations due to higher production & corporate costs, royalties and restoration spending.

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06/09/2024 09:25

Santos Ltd (STO) $7.02

STO has traded sideways for over 3 ½ years, begging the question of why 2024/5 will be any different. The company’s result disappointed last month, seeing the stock quickly retreat towards $7, although the whole sector struggled. After failing to agree on a merger deal with WDS earlier this year, the $22.8bn oil and gas company has garnered some further takeover speculation, with Saudi Arabia and the UAE touted as potential suitors.

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22/08/2024 09:31

Santos Ltd (STO) $7.48

Australia's second-largest oil and gas producer, STO, fell -4.35% on Wednesday after its 1H income missed estimates, sending the stock down to its lowest level in two months.

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13/02/2024 09:28

Santos Ltd (STO) $7.34

STO has followed the path of many in the sector over recent years, basically going nowhere. While there is a lot of pressure on STO to 'make something happen' in terms of value creation/getting the share price up, these things don't just happen and their focus in recent times has been on the now defunct tie up with Woodside. 

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07/02/2024 16:39

Santos (STO) $7.41 /Woodside Energy (WDS) $32.46

STO -5.84% / WDS +0.53%: Stocks entered a trading halt this morning with the announcement that they’ve called off any potential merger talks because there was no clear value creation on offer. WDS was seen as the buyer, and STO the seller, so STO had been the big beneficiary in terms of relative share prices in recent months.

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09/11/2023 09:12

Santos Ltd (STO) $7.33

STO closed unchanged on Wednesday, close to its June swing low as tumbling crude oil prices weighed on the energy sector, although the stocks didn’t fair too badly under the circumstances. We believe the aggressive decline by oil over the last few weeks, even as war continues between Israel and Hamas, is a testament that investors and traders are voting for a global economic slowdown into 2024.

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25/10/2023 09:16

Santos Ltd (STO) $7.85

Following our exit from Woodside (WDS) and the decline by oil overnight, we thought today was an opportune time to revisit fellow ASX Energy Sector play Santos (STO), a stock often discussed negatively, but it is up over +9% year-to-date. As with many ASX50 stocks, the key to adding alpha to a portfolio is timing around entry and exit.

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