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.
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:
Sundance Resources (SDL) was the overall best performing stock taking in a 47.05 percent increase. The technical chart of the Sundance Resource stock price shows the rise and fall of their stock price. Last week presented a spike which broke the 100 day exponential moving average. Also note that the chart is in logarithmic scale (which displays price movements which is proportional with respect to percentage values) and also the spike in volume.
Here is an Australian Energy update from Australian market analyst UBS.
What do WPL, STO and OSH look like at US$100/bbl oil price parity for LNG?
Is our LT assumption of US$10/mmbtu conservative?:
We have recently upgraded the UBS our oil price forecast by a material amount, but we have left our long term Asia Pacific LNG pricing assumption of US$10/mmbtu unchanged. Is this too conservative?
Asia Pacific LNG prices are moving towards oil price parity:
Santos (STO) have a maintained $18 per share target price but they have returned to buy Medium Risk due to recent share price under performance from Australian stockmarket analysts Citi.
Santos Ltd: BG Bid for ORG…the Game for LNG is Hotting Up
Maintain $18/share Target Price — but due to recent share price underperformance return to a Buy Medium Risk.
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Top 50 Public Companies Listed on the Australian Stockmarket as at 18/07/2008
- BHP Billiton
- Commonwealth Bank of Australia (CBA)
- Rio Tinto
- National Australia Bank (NAB)
- Telstra (TLS)
- News Corporation or NewsCorp (NWS)
- Westpac Banking Corporation (WBC)
- Woodside Petroleum Limited (WPL)
- ANZ
- Woolworths Limited (WOW)
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- Fortescue Metals (FMG)
- CSL
- QBE Insurance
- St. George Bank Limited (SGB
- Newcrest Mining Limited (NCM
- Origin Energy Limited (ORG)
- Maquarie Group (MQG)
- AMP Limited (AMP)
- Leighton Holdings (LEI)
- Suncorp-Metway Limited (SUN)
- Brambles Limited (BXB)
- Santos Limited (STO)
- Coal & Allied (CNA)
- Incitec Pivot (IPL)
- Foster’s Group Limited (FGL)
- Orica Limited (ORI)
- BlueScope (BSL)
- AXA Asia Pacific Holdings Limited (AXA)
- Woodside Petroleum Limited (WPL)
- Insurance Australia Group Limited (IAG)
- Stockland (SGP)
- Lihir Gold Limited (LGL)
- Qantas Airways Limited (QAN)
- Oxiana Limited (OXR)
- Sims Group Limited (SGM)
- AGL Energy Limited (AGK)
- OneSteel Limited (OST)
- Transurban Group (TCL)
- Oil Search Limited (OSH)
- Coca-Cola Amatil Limited (CCL)
- Crown (CWN)
- Alumina (AWC)
- ASX (Australian Securities Exchange)
- Macquarie Infrastructure Group (MIG)
- Telecom Corporation of New Zealand (TEL)
- Computershare Limited (CPU)
- Aneka Tambang (Persero) TBK (ATM)
- Tabcorp Holdings (TAH)