Skip to Content
scroll

Santos (STO)

$7.59
image description
What does Bull and Bear mean?

Market Matters View Point?

bear
Market Matters
bull
MM is neutral / bearish STO

OPINION

Santos Ltd (STO) $7.59

As most subscribers know MM took profit on our STO position last week, a few days early in hindsight, but we followed our plan which was helped by the panic appreciation in energy prices following Russia’s invasion of the Ukraine. Technically we wouldn’t be surprised to see the oil & gas producer break well under $7, especially as they merge Oil Search operations into their business – MM is likely to start accumulating Woodside if / when we believe...

Read more

Flagship Growth Portfolio

The MM Growth Portfolio slipped -0.16% outperforming the market which fell around 1.4%. The solid (relative) week was helped by Whitehaven Coal (WHC) +20.4%, Newcrest (NCM) +9.3% and Santos (STO) +9% while the laggards were Virgin Money (VUK) -16.7%, Qantas (QAN) -12.4% and Aristocrat (ALL) -9.9%.

Read more

Santos Ltd (STO) $7.86

An interesting market characteristic which often raises its head in financial markets is how “smart” equities can be e.g. when it comes to resources the stocks regularly form a high or low well before the underlying related commodities. Back in 2019 when crude oil traded into negative territory, which is even harder to comprehend than negative bond yields, STO turned higher weeks before oil - if we are correct the same may be true on the downside.

Read more

Putin sends commodity prices into orbit, are there switches afoot?

The relative volatility under the hood of the ASX is as high as I can recall with the geopolitical backdrop driving up commodity prices and the related stocks while most names associated with growth have come under ongoing significant pressure. MM called these moves in the resources stocks at the start of the year and portfolios were skewed accordingly, the question we again ask is should we be migrating further down the risk curve i.e. have things simply traveled too far too fast.

Read more

Santos Ltd (STO) $7.26

STO has been a frustrating position considering how other energy stocks have performed during oils phenomenal advance hence we’re considering taking a more than 20% profit over the coming days as oil advance in our opinion starts to feel extended. Santos has a large funding task ahead of it following their acquisition of Oil Search (OSH) and this will revolve around asset sales – not a bad time to be doing it, however not without some execution risk either.

Read more

Flagship Growth Portfolio

The MM Growth Portfolio was up  +1.4% last week while the market fell -0.4% inclusive of dividends, performance was aided by strong moves in HUB24 (HUB) +13.9%, Whitehaven Coal (WHC) +12% and Altium (ALU) +6.2% while the major performance drags were Appen (APX) -23.2% and Virgin Money (VUK) -8.6%. For the month of February the portfolio was up +2.10%, largely inline with the market. Interestingly enough, Aussie stocks...

Read more

Woodside Petroleum (WPL) & Santos (STO)

Stock markets can be unforgiving beasts and earlier in the week we saw STO deliver a result that was a touch ‘light on’ while yesterday WPL produced a very strong set of numbers, the net result has seen WPL start to address some its underperformance post COVID and most importantly we feel there’s more left in the tank. WPL’s result was very strong comprehensively beating consensus...

Read more

Santos (STO) $7.19

STO -2.84%: The stock was hit today following their FY21 results that were slightly light on in terms of earnings while a weaker oil price overnight didn’t help.  Underlying profit for the year of $946m was a sharp increase on FY20 profit of $337.8m and largely inline with the $950m expected by the market. FY22 will be a big year for Santos following the recent..

Read more

Santos Ltd (STO) $7.72

MM has been frustrated at times by the local Energy Sector which unlike its US peers has failed to embrace the strong rally by crude oil. However, its slowly coming to the party and our $8 target for STO is approaching i.e. its finally less than 4% away. We plan to take profit if / when the stock reaches this area. We own STO in our Flagship Growth Portfolio.

Read more
more

ACTION

STO
UPDATED 14/03/2022 07:19
MM is neutral / bearish STO
Add To Hit List
STO
UPDATED 09/03/2022 16:32
MM is now neutral STO around $8
Add To Hit List
STO
UPDATED 02/03/2022 17:51
MM are selling STO in the Flagship Growth Portfolio, taking profit around $7.45
Add To Hit List
STO
UPDATED 02/03/2022 17:50
MM is looking to take profit on STO sooner rather than later
Add To Hit List
STO
UPDATED 16/02/2022 17:39
MM remains long & bullish STO, targeting at least $8.00
Add To Hit List
STO
UPDATED 15/02/2022 17:52
MM is targeting $8, or above for STO
Add To Hit List
STO
UPDATED 03/02/2022 17:22
MM is bullish both STO and XOM
Add To Hit List
STO
UPDATED 21/01/2022 17:58
MM is looking for another 10% upside from STO
Add To Hit List
STO
UPDATED 14/01/2022 09:08
MM remains bullish STO
Add To Hit List
STO
UPDATED 10/12/2021 17:13
MM remains bullish STO targeting a break of $8
Add To Hit List
more
image description

Energy producer

Santos (STO)  explores for and produces natural gas, liquefied natural gas, crude oil, condensate, naphtha and liquid petroleum gas. The Company conducts major onshore and offshore petroleum exploration and production activities in Australia and Papua New Guinea. Santos also transports crude oil by pipeline.

chart
image description
Santos Ltd (STO)
chart
image description
Santos Ltd (STO) v Crude Oil ($US/barrel)
chart
image description
Santos (STO) v Brent crude oil ($US/barrel)
chart
image description
Santos Ltd (STO)
chart
image description
Woodside Petroleum (WPL) & Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos Ltd (STO)
chart
image description
Santos (STO) V Exxon Mobil (XOM US)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos Ltd (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO) v Crude Oil ($US/barrel)
chart
image description
Santos Ltd (STO) v Oil Price ($US/barrel)
chart
image description
Santos (STO)
chart
image description
Santos Ltd (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
chart
image description
BHP Group (BHP) v Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos Ltd (STO)
chart
image description
Crude Oil ($US/barrel v Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
chart
image description
Santos (STO)
image description

Relevant suggested news and content from the site

Back to top