STO
Stock Code
Stock Exchange
Santos Limited (STO) is a gas and petroleum company engaged in the exploration, production, marketing and transportation of hydrocarbons. Although its operation is mainly in Australia as it serves as the domestic producer of gas, supplying sales gas in the mainland states of Australia and its territories, STO also performs international operations in Papua New Guinea, Indonesia, India, Vietnam, Kyrgyz Republic, Bangladesh and Egypt. STO was listed on the Australian Stock Exchange on the 1st of October 1954.
Santos Limited (STO), an Australia based company that concentrates on exploration, production, marketing and transportation of oil and gas has posted a sharp drop for its yearly revenue for the year 2009 due to the low oil price which fell at the middle of the year and continued throughout the rest of the year while the company maintained an unchanged volume of production.
Santos (STO), the Australia based oil and gas producer has claimed that it is currently in a good position to meet its production guidance for calendar 2009. The announcement came following a raise in the company’s third quarter output where it lifted the figures by 5 percent. Production of oil has increased to 13.9 million barrels equivalent in the first three months till September 30 where in the same quarter a year earlier, the production was 13.2 mmboe.
Santos (STO) has announced in their forth quarter report that the output has dropped by 3% due to unplanned outages and repairs at a key oil field and said 2009 production would be broadly steady on the previous year. Santos has reported production of 54.4 million barrels of oil equivalent in 2008, compared to 59.1 million barrels of oil equivalent in 2007. In 2008, the company has reported revenue of $2.76 billion, compared to $2.49 billion in 2007.
Spotless Group (SPT) was the overall best performing stock taking in a 18.21 percent increase. Among the best performing stocks for the week 24 of 2008 on the Australian sharemarket was a mixture of toll road development, oil and gas exploration, retail services, mineral and mining: Transurban Group (TLC), Woodside Petroleum (WPL), Santos (STO), Spotless Group (SPT), JB Hi-Fi (JBH), Mincor Resources (MCR). These top gainers for the week 24 managed above 6.79 percent by the end of the trading week.
Santos (STO) rating reduced to Neutral from Buy and has a 12-month share price target of $23.62 (prior $26.59) from Australian market analyst UBS.
Santos (STO) Cooper Oil and Varanus Island Update
Event: Cooper Oil outlook and Varanus Island incident:
We have reviewed our Cooper oil forecasts and have reduced our outlook for Santos from this project. We also now assume no gas production takes place from Varanus Island until early August, after which full John Brookes (STO 45%) production is restored.
Oil Search (OSH) has a $7.20 share price target and an Outperform recommendation with a suggested upside of up to 15 percent in the stock from Australian stock analyst Macquarie Research Equities.
Is It Too Late To Get Upside In Gas?
Santos (STO) has a 12-month share price target of $26.59 from Australian stockmarket analysts from Citi.
Santos (STO) Investor Seminar (Sydney 3 June 2008)
Emphasis on coal seam gas and LNG:
A major emphasis on Santos coal seam gas assets and LNG was understandable after Petronas recently agreed to pay US$2bn for a 40% share in Santos proposed Gladstone LNG Project. Santos is also a participant in the PNG LNG Project, which recently committed to key front end engineering and design (FEED).
Rising Eastern Australia gas demand and pricing outlook:
Royal Dutch Shell has become the third company to strike a deal for coal seam methane projects that are rapidly evolving in the Queensland area. It struck a $776 million deal with Arrow Energy (AOE) to improve setting up of multiple LNG plants in the region. It now holds 30 percent stake in Arrow’s CSM licenses in the state. The deal is yet to be examined by the Foreign Investment Review Board.
Origin Energy (ORG) has a share price target of $17.01 from Australian stockmarket analyst Macquarie Research Equities.
Origin Energy (ORG) declines revised BG offer, bring it on
Two LNG projects both want ORG gas:
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
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- Telstra (TLS)
- ANZ
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- Woolworths Limited(WOW)
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- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Maquarie Group (MQG)
- Foster’s Group Limited (FGL)
