Santos, Platinum, Pirelli, and the takeover offer for Link
Fund Manager Chris Pedersen discusses Santos, Platinum Asset Management, Pirelli and Link Administration Holdings.
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Santos is an Australian energy pioneer. We have safely and sustainably discovered, developed and delivered natural gas to the people of Australia and Asia for more than 60 years.
With origins in the Cooper Basin, Santos has one of the largest exploration and production acreages in Australia and extensive infrastructure. Our strategy is centred on five core, long-life natural gas and LNG assets. These assets support our aim to be a leading Australian domestic gas supplier and a major LNG exporter supplying clean energy to Asia.
As an Australian owned and operated business, we work in partnership with local communities, governments and our business partners to make natural gas an affordable and reliable energy solution for all Australians.
Fund Manager Chris Pedersen discusses Santos, Platinum Asset Management, Pirelli and Link Administration Holdings.
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A snapshot of the stocks on the move, featuring Santos (ASX:STO), Desert Metals (ASX:DM1) and Leeuwin Metals (ASX: LM1).
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The oil and gas boom has waned for Santos (ASX:STO) in the six months to June 30, with lower production, prices, revenue, and earnings.
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Recent rumours swirling around Santos (ASX:STO) suggest a potential takeover bid by Middle Eastern giants Saudi Aramco and Abu Dhabi National Oil Co. However, market analysts remain sceptical about the likelihood of such a deal materializing.
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Santos (ASX:STO) is reportedly looking to sell its stake in the Alaskan oilfields it jointly owns, including the Pikka oil project, which is due to start producing in 2026. Reuters reported that Santos and its partner, Repsol, are discussing the sale of a minority stake worth around $US1 billion. This could represent between 20% and 25% of the areas.
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Santos (ASX:STO) saw a 7% drop in its oil and natural gas production in the first quarter of its 2024 financial year after its operations were disrupted by heavy rain and planned maintenance.
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The mooted merger between Woodside (ASX:WDS) and Santos (ASX:STO) was abandoned yesterday, eliciting relief more than anything else.
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The marriage between Woodside (ASX:WDS) and Santos (ASX:STO) was called off just before midday on Wednesday.
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In a significant legal victory for energy giant Santos, the Federal Court has ruled in favour of the company, allowing it to proceed with the construction of a crucial undersea pipeline essential to its $US4.3 billion Barossa gas project.
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Woodside Energy (ASX:WDS) and Santos (ASX:STO) have officially confirmed media reports that both companies are engaged in preliminary discussions regarding a possible merger.
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The possible sale of major US independent energy group Endeavor Energy Partners provides a timely yardstick for the pricing of the potential takeover of Santos by Woodside Energy.
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Exxon Mobil's monumental $US59.5 billion ($93 billion) acquisition of Pioneer Natural Resources, marking the largest energy deal in the United States in decades, is poised to herald a new era of transformative takeovers within the industry.
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