Can Santos weather the storm?
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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Santos faces takeover rumours
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.
Read MoreSantos looking to sell stake in the Alaskan oilfields
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.
Read MoreSantos sees drop in production
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.
Read MoreRelief as Woodside-Santos merger falls through
The mooted merger between Woodside (ASX:WDS) and Santos (ASX:STO) was abandoned yesterday, eliciting relief more than anything else.
Read MoreWoodside abandons $70 billion Santos merger
The marriage between Woodside (ASX:WDS) and Santos (ASX:STO) was called off just before midday on Wednesday.
Read MoreFederal Court rules in favour of Santos
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.
Read MoreSantos, Platinum, Pirelli, and the takeover offer for Link
Fund Manager Chris Pedersen discusses Santos, Platinum Asset Management, Pirelli and Link Administration Holdings.
Read MoreLooking into the Woodside and Santos merger
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.
Read MoreEndeavor sets benchmark for Santos takeover
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.
Read MoreExxon’s shale deal ignites oil merger wave, including Australian interests in the Beetaloo Basin
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.
Read MoreStocks of the Hour: Santos, Desert Metals, Leeuwin Metals
A snapshot of the stocks on the move, featuring Santos (ASX:STO), Desert Metals (ASX:DM1) and Leeuwin Metals (ASX: LM1).
Read MoreSantos shareholders unscathed by weak June performance as company focuses on diversification
Santos shareholders have managed to sidestep the ramifications of their company's lackluster performance in the first half of June.
Read MoreTrading Tidbits: STO, BOQ
Updates Thursday from energy major Santos, whose revenue is headed in the wrong direction, and Bank of Queensland, who confirmed they are in the regulator’s sights.
Read MoreOil Search Takeover Helps Triple Santos Profit
Shares in Santos jumped sharply Wednesday as its annual profit more than tripled because of the surge in oil and LNG prices over 2022 that is fading as we head deeper into 2023.
Read MoreSantos Bottom Line Hit by Operational Snags
Unwanted operating problems have forced energy giant Santos to trim its production guidance for the coming year after posting lower-than-expected fourth-quarter revenues.
Read MoreSantos Deal a Potential Fly in the Warrego Ointment
Was the Santos announcement on Wednesday that it had struck a new gas supply deal in WA a step up in the battle for control of Warrego Energy?
Read MoreSantos Managing its Capital as Oil Price Tanks
As oil prices fell to new 11-month lows, Santos revealed a new capital management framework, kicking it off with another $350 million share buyback.
Read MoreSantos Shares Lose 5% on Downgrade, Pivot
Santos surprised investors yesterday with a new strategy and news that output will drop by around 10% in 2023, which saw the company’s shares slide more than 5% on Tuesday.
Read MoreOz Energy Giants Cooking on All Burners
Strong quarterlies from the country’s two major oil and gas groups Woodside and Santos on Thursday – thanks in part to the big takeover each has made in the past year.
Read MoreCarnarvon Talking Loud, Saying Little
Much ado about nothing for energy tiddler Carnarvon Energy, who seemed to be making noise for the sake of it on Tuesday just to remind the market that it sees itself as a player.
Read MoreSantos Clears its Debt Decks
Santos has taken advantage of the wave of cash floating around the energy sector to refinance its debt to the point where it won’t have a loan maturing for the next five years.
Read MoreAlaska a Go, Dorado a Not Just Yet for Santos
Two very different decisions on new oil developments from Santos yesterday when it also revealed record first half earnings of $A1.7bn and a 38% increase in dividend payout.
Read MoreWoodside, Santos Join the Petroleum Profit Party
The June quarter and half-year revenue performances by Woodside and Santos were stunning, thanks to the strength in oil and gas prices and the completion of two company-boosting takeovers.
Read MorePerpetual: Santos Is a Compelling Opportunity
As Perpetual Portfolio Manager Vince Pezzullo explains, what makes energy stalwart Santos so attractive is the leverage the company has to domestic gas and export LNG markets.
Read MoreThe Pennies Drop for Santos’ Recent Largesse
No wonder Santos changed its payout policy and announced a $US250 million buyback this week – the company’s March quarterly report revealed record revenue of $US1.9 billion.
Read MoreSantos Walks the Walk with $US250m Buyback
Santos says investors are undervaluing the company in the wake of last year’s takeover of Oil Search and will conduct a $US250 million share buyback to try and set things right.
Read MoreBuyers Pour into Carnarvon on Pavo News
Shares in Carnarvon Energy surged Wednesday on news of a significant discovery at the Pavo-1 oil well off the WA coast it part owns with energy major Santos.
Read MoreSTO – UBS rates the stock as Buy
The Buy rating and $8.90 target are retained.
Read MoreSantos Triples Profit on Back of Oil Price Run
Oil and gas producer / exporter Santos more than tripled full-year profit in the 2021 financial year as it rode the crisis-driven 50%-plus surge in global energy commodity prices.
Read MoreSTO – Morgans rates the stock as Add
Morgans maintains its Add rating and suggests a large share price discount still exists with the potential for many positive catalysts in 2022. The target price rises to $9.15 from $8.65.
Read MoreBig End of Town Delivers the Good Oil
The global LNG boom and energy shortage in Europe and China over the last half of 2021 saw energy majors Santos and Woodside report strong fourth quarters on Thursday.
Read MoreNo Sand in the Works as OSH Holders Endorse Bid
Oil Search shareholders overwhelmingly endorsed the marriage to Santos yesterday, putting the lie to all the media stories about how some would try to vote it down.
Read MoreSantos and Woodside Positively Gushing
With global oil and LNG prices surging in the Sep quarter, no surprise the country’s two leading independent producers – Woodside and Santos – reported big jumps in revenue and earnings.
Read MoreBeetaloo – Australia’s Next Big Hydrocarbon Basin
The Beetaloo Basin is shaping up to be Australia’s next big hydrocarbon province, prompting some in the industry to proclaim it as one of the hottest shale gas plays in the world.
Read MoreGods Smiling on Marriages Made in Heaven
The gods are smiling on our two big energy sector marriages – BHP selling its oil and gas operations to Woodside and its own shareholders, and the Santos swallowing of Oil Search.
Read MoreSantos-Oil Search Merger Finalised
Santos and Oil Search have finalised their $21 billion merger after announcements to the ASX on Friday.
Read MoreSantos Bounces Back, Turns Focus to Oil Search Deal
Like the rest of its sector, Santos rode the rebound in global oil and gas prices in the June half, reporting a net profit after tax of $US354 million including net gains on asset sales.
Read MoreOil Search, Santos One Step Closer to the Altar
Santos and Oil Search have agreed to marry after a fortnight of horse trading over the terms of the $21 billion relationship that will see Santos acquire Oil Search in an all-paper transaction.
Read MoreRecord Revenue, Upped Guidance for Santos
In its June quarter report yesterday, Santos announced sales revenue hit a record $US1.1 billion, taking it to a record-breaking $US2.04 billion over the six months to June 30.
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