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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.

We continue to prefer WDS in the local space and are unlikely to consider STO this FY – Santos reports next Wednesday, the 21st.

  • We see no reason to consider STO now compared to its peers.
MM is neutral towards STO
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Santos Ltd (STO)
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