Santos (STO)

12/10/2021 09:37

Crude Oil

We have to go to back until 2014 to see brent crude trading around todays levels yet the Australian oil stocks cannot even break above their June high!

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28/09/2021 09:27

Santos Ltd (STO) $6.74

The Oil Sector has not embraced oils post COVID recovery and we believe this underperformance is still providing some great value opportunities, hopefully the market will listen soon!

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10/09/2021 09:40

Santos (STO) $6.03

MM allocated 5% into energy play Santos ~$6.30, we are considering increasing this position into fresh 2021 lows, or ~5% lower.

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24/08/2021 09:25

Santos Ltd (STO) $5.95

MM increased our position in STO this week after the stock’s ~25% correction. This has been our preferred local company throughout 2021 and it maintains this mantle today, our patience towards entry has been rewarded with this one – we are bullish STO ~$6 liking the risk / reward after the stock’s pullback over the last 2-months.

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23/08/2021 10:08

Flagship Growth Portfolio – Amendments

We are making 3 changes to the Flagship Growth Portfolio today.

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20/08/2021 09:26

Santos (STO) $6.01

MM allocated 3% of our Flagship Growth Portfolio into STO at $6.54 with the intention of increasing the position ~$6.20. Previously we’ve held off from further purchases due to the overall look & feel of the market but following the recent panic across the sector we believe an excellent entry into STO is on offer i.e. MM is looking to follow our initial plan...

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18/08/2021 09:52

Flagship Growth Portfolio

The portfolio slipped -1.34% over the past week while cash sits at 7%, things actually felt worse at times which may be indicative of the markets “feel” at the moment. The portfolio experienced another very mixed week with notable strength from a2 Milk (A2M) and Bravura (BVS) while Lend Lease (LLC) and Zip (Z1P) weighed on the portfolio...

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17/08/2021 15:34

Santos (STO) $6.12

1H21 result: The result was a strong one this morning at the profit line around ~14% ahead of expectations as a result of lower corporate overheads – always nice to see the fat cats giving up a few perks although the main focus is always on the operational aspects, at they came in line with expectations. The H1 dividend of US5.5c was a surprise given their...

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02/08/2021 17:37

Santos (STO) $6.49 / Oil Search (OSH) $3.99

STO +0.62% / OSH +4.72%: merger talks between the two oil & gas companies have progressed with Santos revising their initial 0.589/sh offer higher to 0.6275 STO shares for each OSH share. The new number represents around a 17% premium to the close prior to the initial offer and would see Oil Search shareholders own 38.5% of the combined unit.

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22/07/2021 17:21

Santos (STO) $6.74

STO +2.59%: Strong day for Santos, helped by strength in energy markets overnight but also a decent quarterly result. Production was lower in the 2nd quarter following the sale of assets which was offset in part by stronger production in WA & Queensland.

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