Australian (ASX) Stock Market Forum

STO - Santos Limited

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sptrawler said:
If you bought into Santos in 2004 and kept them, you have gone nowhere.
I bought against my better judgement and when the IMO useless management didn't accept a takeover premium, I sold.
I definitely don't regret it, management keeps telling the shareholders they will do better, but IMO they don't.
Unfortunately one of my never to buy again stocks, I may miss out on a 10bagger, but I wont lose sleep over it.
Let's be honest it doesn't get much better for LNG companies than the last few years.
My two cents worth.
Click to expand...
Easily top 5 of my best companies I have owned.

But you got to pick the peaks and buy the lows. I'm not talking about getting it exactly right.
I missed on selling for close to $8 (wanting $8.5) not so long ago. Had I done so and still got the great Divies and bought in again $6.5 I''d think I was the superstar I am not.
 
Was gonna go in again at $6.5 (in time for the dividend) but it left me hanging.
 
STO is one of my picks in the 2025 competition. @mullokintyre

I still feel it is a safer bet than WDS in the Energy sector.

It pays a reasonable divie and it is a lackadaisical underperformer for me. Perhaps I should add more at the bottom of this range.

sto.png


gg
 
STO is a dog. One of my entries in the yearly comp @mullokintyre .

How it is not worth $20 has me beat. We are short on gas in Australia and it is one of our major exports. Why the muppets on the board cannot turn this in to large profits and a healthy share price is one of those mysteries. I also hold this effin yapper.

gg
 
Wish I still picked some up at under $6 just recently though....
 
One of my picks in the 2025 Comp @mullokintyre and it continues to behave like an old nun in a brothel. Doing sfa. I haven't really looked in to it's prospects. I remain in it as it is the best of a bad lot oil/gas. I tried to find out more on a gas thread on ASF about company prospects for gas but everyone is as clueless as me and STO.

gg
 
I’m unsure whether @peter2 is helping Mick out this month or not so I’ve included him in this post.

@mullokintyre STO is one of my tips in the weekly comp. It pays divies and seems to do sweet fa else. I don’t understand gas in Australia. It has been going up of late. A chart. It’s being going up quite a lot actually. I don’t want any more as I’ve got quite a lot bought higher.

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gg
 
Good morning
Has been reported today (16/06/25) via NewsCorp Media:
A UAE-led consortium has made a $US5.76 ($8.89) per share takeover bid for Santos.
Santos, subject to due diligence and other formalities, expects to recommend the offer, which comes after the group ended merger talks bigger Australian rival Woodside in February 2024.

Kind regards
rcw1
 
XRG Consortium’s non-binding, indicative proposal to

acquire Santos

Santos Limited (ASX:STO) (Santos) announces that on 13 June 2025 it received a non-binding indicative proposal

from a consortium led by XRG P.J.S.C., a subsidiary of Abu Dhabi National Oil Company and including Abu Dhabi

Development Holding Company (ADQ) and Carlyle (the XRG Consortium).

Indicative Proposal price

The proposal is for the acquisition of all of the ordinary shares on issue in Santos (Santos Shares) for a cash offer

price of US$5.761 (A$8.89)2 per Santos share via a scheme of arrangement (Potential Transaction) (Indicative

Proposal).

As at the close of trading on the ASX on 13 June 2025, the Indicative Proposal of US$5.76 (A$8.89)2 per Santos

Share represented a:

• 28% premium to the last closing price of A$6.96;

• 30% premium to the 1-week volume weighted average price (VWAP) of A$6.823;

• 34% premium to the 1-month VWAP of A$6.614;

• 44% premium to the 3-month VWAP of A$6.195; and

• 39% premium to the 6-month VWAP of A$6.406

.

The Indicative Proposal is expressed as a “final non-binding indicative offer” and follows two confidential, non-

binding and indicative proposals from the XRG Consortium to acquire 100% of Santos Shares on 21 March 2025

for US$5.04 (A$8.00)7 in cash per share and on 28 March 2025, for US$5.42 (A$8.60)8 in cash per share.
 

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