STO.AX - Santos Limited

ASX - ASX Delayed Price. Currency in AUD
5.79
-0.10 (-1.70%)
As of 11:40AM AEST. Market open.
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Previous Close5.89
Open5.75
Bid5.79 x 0
Ask5.80 x 0
Day's Range5.73 - 5.81
52 Week Range2.87 - 6.46
Volume3,403,303
Avg. Volume6,505,287
Market Cap12.061B
Beta2.04
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2016-02-24
1y Target EstN/A
  • Asian Equities Slide; Trump "Not Pleased" With U.S.-China Trade Talks
    Investing.com5 days ago

    Asian Equities Slide; Trump "Not Pleased" With U.S.-China Trade Talks

    Investing.com – Asian stocks continued to fall in afternoon trade on Wednesday as U.S. President Donald Trump said he is “not really” pleased with the results of trade talks with China so far.

  • The Wall Street Journal5 days ago

    [$$] Santos Rejects $10 Billion Takeover Bid as Oil Prices Rise

    Santos Ltd. of Australia rejected a more than US$10 billion acquisition offer by Harbour Energy Ltd. on Tuesday, saying the offer undervalued it given recent oil-price gains. The rejection comes after private-equity-backed Harbour—set up by EIG Global Energy Partners in 2014 to hunt for oil and natural-gas assets outside the U.S.—raised its offer twice in recent days to woo Santos. The latest proposal, made on Monday, offered US$5.21 a share for Santos, and was contingent on the Australian company hedging some of its future oil production.

  • Australia's Santos rejects $10.8 billion Harbour Energy bid, ends talks
    Reuters5 days ago

    Australia's Santos rejects $10.8 billion Harbour Energy bid, ends talks

    Australia's Santos (STO.AX) on Tuesday ended talks with Harbour Energy and rejected the U.S.-based firm's $10.8 billion takeover offer, saying it undervalued the oil and gas producer as oil prices surge. The decision shocked analysts and leaves Harbour, which had tabled an increased and final offer this week, sorely disappointed, after increasing its proposed bid five times in nine months following a steep rise in global crude oil prices. "(The board) resolved to reject the final proposal on the basis that it does not represent a full value of the company and, when combined with the associated risks, is not in the best interests of Santos shareholders," Santos said in a statement.

  • Reuters6 days ago

    Australia's Santos rejects Harbour Energy's final $10.8 billion takeover offer

    "(The board) resolved to reject the final proposal on the basis that it does not represent a full value of the company," Santos said in a statement. Harbour made the final offer for Santos this week, hiking its bid for a fifth time in nine months after a steep rise in oil prices.

  • Santos Falls After Rejecting Harbour Offer as Too Low, Risky
    Bloomberg6 days ago

    Santos Falls After Rejecting Harbour Offer as Too Low, Risky

    Santos Ltd. plunged the most since 2016 after rejecting Harbour Energy Ltd.’s $10.9 billion final offer and terminating talks, saying its proposal was too low and too risky. The Australian oil and gas producer said Tuesday its independent directors, managing director and chief executive officer unanimously rejected the proposal because it didn’t represent the full value of the company, as well as being too complex and high-risk. Oil prices and shares of its domestic peers have rallied 14 percent and 18 percent, respectively, since the initial proposal, Santos said.

  • Was Santos Limited’s (ASX:STO) Earnings Growth Better Than The Industry’s?
    Simply Wall St.6 days ago

    Was Santos Limited’s (ASX:STO) Earnings Growth Better Than The Industry’s?

    For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. Below, I will examine Santos Limited’s (ASX:STO) track record on a high level, to giveRead More...

  • The Wall Street Journal6 days ago

    [$$] Private-Equity Backed Harbour Energy Lifts Santos Bid to $10.86 Billion

    Santos on Monday said it has received a new binding proposal from Habour to buy its stock for $5.21 a share, dependent on it hedging roughly 30% more oil-linked production in 2018 and making unspecific changes to its 2019 hedges. Santos said its independent directors would consider the revised proposal.

  • Reuters7 days ago

    BRIEF-ENN Ecological, Hony Capital Agree In Principle To Hold Stakes In Privatised Santos

    May 21 (Reuters) - ENN Ecological Holdings Co Ltd : * SAYS IT, ENN'S INVESTMENT ARM, AND HONY CAPITAL HAVE AGREED IN PRINCIPLE WITH HARBOUR ENERGY TO HOLD STAKES IN PRIVATISED SANTOS * SAYS ABOVE PARTIES ...

  • Asian Equities Extend Gain as Investors Digest U.S.-China Trade Development
    Investing.com7 days ago

    Asian Equities Extend Gain as Investors Digest U.S.-China Trade Development

    Investing.com – Asian equities extended their gains in afternoon trade on Monday, with weekend developments in U.S.-China trade talks in the spot light.

  • Reuters7 days ago

    Race on to boost gas supply to Australia's east coast

    A pipeline across Australia and gas imports from as far away as the United States are on the drawing board as the country races to plug a domestic supply gap that is driving up east coast gas prices and threatening jobs. Although Australia is the world's No. 2 liquefied natural gas (LNG) exporter, much of its east coast gas is tied up in long-term export contracts while mainstay supplies in the populated southeast are drying up more quickly than expected.

  • Asian Stocks Climb as U.S., China Put Trade War on Hold
    Investing.com7 days ago

    Asian Stocks Climb as U.S., China Put Trade War on Hold

    Investing.com – Asian equities climbed in morning trade on Monday as U.S. Treasury Secretary Steven Mnuchin said on Sunday that the trade war with China is now put on hold."We are putting the trade war on hold. Right now, we have agreed to put the tariffs on hold while we try to execute the framework," Mnuchin said.

  • Australia's Santos gets final sweetened $10.8 billion bid from Harbour Energy
    Reuters7 days ago

    Australia's Santos gets final sweetened $10.8 billion bid from Harbour Energy

    Shares in the oil and gas producer rose on the back of the sweetened bid but remained below the offer price amid uncertainty over whether the government would approve what would be the biggest takeover of an Australian resources company. "You've got to think the new bump is going to make it more likely the board will approve it...But there are risks," said Andy Forster, senior investment officer at Argo Investments, a top 10 shareholder in Santos.

  • Reuters7 days ago

    Australia's Santos gets final sweetened $10.8 bln bid from Harbour Energy

    U.S.-based Harbour Energy made a final offer of $10.8 billion for Australia's Santos Ltd on Monday, hiking its bid for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids. "You've got to think the new bump is going to make it more likely the board will approve it...But there are risks," said Andy Forster, senior investment officer at Argo Investments, a top 10 shareholder in Santos.

  • Reuters7 days ago

    Harbour Energy says $10.8 billion offer for Santos is 'best and final'

    Harbour Energy said on Monday its latest takeover proposal of $10.8 billion for Australian gas producer Santos Ltd was its "best and final" offer. "Harbour's 21 May 2018 proposal is 'best ...

  • Rigzone.com7 days ago

    Australia's Santos Gets Final Sweetened $10.8B Bid From Harbour Energy

    U.S.-based Harbour Energy makes a final offer of $10.8 billion for Australia's Santos Ltd, hiking its bid for a fifth time in nine months.

  • Reuters10 days ago

    Ophir Energy replaces CEO Cooper amid LNG project delays

    Alan Booth, currently a non-executive director, has been named interim CEO and executive director, Ophir said. Cooper served as chief executive for almost seven years. Most recently, Cooper initiated a proposed acquisition of Santos Ltd's (STO.AX) Southeast Asian assets.

  • The Wall Street Journal10 days ago

    [$$] Santos Gets Binding Proposal From Habour

    Ltd. said it has received a binding takeover proposal from private equity-backed oil-and-gas investor Harbour Energy Ltd. that didn’t include an increased price but would offer its biggest shareholders a stake in Harbour. Santos said the proposal, which follows a five-week due diligence process, comprised a U.S.-dollar-only offer of $4.98 a share for most investors. Chinese natural-gas distributor ENN Group Co. and private-equity firm Hony Capital, which have a collective stake in Santos of roughly 15%, would be able to roll their shares into a Harbour investment vehicle and subscribe for new shares, said Santos.

  • Reuters11 days ago

    Australia's Santos gets $10.4 billion bid from Harbour; investors may want more

    U.S. investment fund Harbour Energy formalised its $10.36 billion bid for Australia's Santos Ltd on Thursday but failed to sweeten its offer, dashing hopes of a higher price and sending the oil and gas producer's shares lower. A successful bid would mark the biggest takeover of an Australian oil and gas producer, but Adelaide-based Santos has indicated the company may be worth more because of recent gains in the oil price. Santos shares dipped 2 percent to sit below the offer price, with analysts suggesting the company may reject the bid as too low.

  • Reuters11 days ago

    Australia's Santos gets $10.4 bln bid from Harbour; investors may want more

    U.S. investment fund Harbour Energy formalised its $10.36 billion bid for Australia's Santos Ltd on Thursday but failed to sweeten its offer, dashing hopes of a higher price and sending the oil and gas producer's shares lower. A successful bid would mark the biggest takeover of an Australian oil and gas producer, but Adelaide-based Santos has indicated the company may be worth more because of recent gains in the oil price. Santos shares dipped 2 percent to sit below the offer price, with analysts suggesting the company may reject the bid as too low.

  • Rigzone.com11 days ago

    Australia's Santos Gets $10.4B Bid From Harbour; Investors May Want More

    U.S. investment fund Harbour Energy formalises its $10.36 billion bid for Australia's Santos Ltd on Thursday but fails to sweeten its offer.

  • The Wall Street Journal13 days ago

    [$$] Harbour Energy Working With ENN, Hony on Bid for Santos

    Ltd., negotiating for the support of Chinese investors that collectively hold the single biggest stake in the Australian company. In a statement to the Australian Securities Exchange on Tuesday, Harbour said it was working in concert with Chinese natural-gas distributor ENN Group Co. and private-equity firm Hony Capital and is seeking to agree on terms with the pair in order to put forward a final proposal to acquire Santos.

  • Rigzone.com13 days ago

    Santos Suitor Harbour Works With Target's Top Shareholders To Seal Takeover

    Santos Ltd's suitor Harbour Energy says it is working with its target's top shareholders toward sealing a takeover offer for the Australian gas producer.

  • Reuters25 days ago

    Santos may be worth more than Harbour bid after oil price rise - Santos chairman

    Santos Chairman Keith Spence said on Thursday the company may be worth much more than the $10.4 billion takeover offer that Harbour Energy proposed in April, given a sharp rise in oil prices since then. Spence said Harbour's $4.98 a share offer was compelling enough to open Santos' books to the U.S.-based firm a month ago. "However ... with the oil price where it is today, the value of the company may be substantially more," Spence told shareholders at Santos' annual meeting, where he earlier said talks with Harbour are expected to wrap up in a few weeks.

  • The Wall Street Journal25 days ago

    [$$] Santos Selling Asian Assets for $221 Million

    Ltd. (STO.AU) has struck a deal to sell a portfolio of Asian energy assets, marking its exit from Vietnam, Indonesia, Malaysia and Bangladesh as it continues to reduce its debt burden. The assets, which Santos said were relatively “late-life” and not prioritized for investment, include stakes in oil and gas fields around Asia. Santos’s shares of production from the assets in the first quarter of the year was 1.4 million barrels of oil equivalent.

  • Reuters28 days ago

    ExxonMobil says PNG LNG plant back to normal production rates

    ExxonMobil said on Monday that it has restarted the second liquefied natural gas (LNG) train at its Papua New Guinea liquefied natural gas plant, adding that the plant was operating at normal production rates. Exxon said in a statement it expected the facility to reach full capacity in May, and confirmed that exports of LNG have resumed. "Production has been gradually increasing since the Hides gas conditioning plant and one train at the PNG LNG plant restarted earlier this month," Australia's Santos, which owns a 13.5 percent stake in the operations, said in a separate release.