Australian (ASX) Stock Market Forum

STO - Santos Limited

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rcw1 said:
don't ya just hate that bloke? the subtleties of a market trader ...

Have a very nice day, today. @qldfrog
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In that order: read the news, went to asf..no news, checked the price, found a broker account with a bit of cash, was around 4pm market was closed but still active, put a buy order 3% above close, adjusted it this early morning to buy at open regardless of price ...and the news release arrived. Buy cancelled..
You win some, you missed some, last week was stellar as i had just moved back into oil ooo, Exxon, ETFS
www.afr.com

Santos directors bought shares ahead of Abu Dhabi takeover bid

Four board members including the company’s chairman acquired the shares in March in the weeks before the first, unsuccessful takeover offer was tabled.
www.afr.com www.afr.com
 
STO is one of my picks in the 2025 Full Year competition @mullokintyre . Major news since last month is a significant non-binding bid, a takeover, of all shares 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

I unfortunately sold out of my STO stock during the April retracement to book some capital losses to offset gains during the year. Such is life as Ned Kelly said.

gg
 
Garpal Gumnut said:
STO is one of my picks in the 2025 Full Year competition @mullokintyre . Major news since last month is a significant non-binding bid, a takeover, of all shares 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

I unfortunately sold out of my STO stock during the April retracement to book some capital losses to offset gains during the year. Such is life as Ned Kelly said.

gg
Click to expand...
STO is one of my picks in the 2025 Year comp @mullokintyre and @peter2 . I held it a long time ago, there has been a takeover bid a few months ago and it is hugging that bid offer price. It has been a dog and will be no loss to the ASX and those who lost money on it despite being in a great industry and having a chance holding good wells/gas and not buying nor using good assets to their full potential. They should bring back the whip, garrotte and rope.

sto.png


gg
 
Antirnator said:
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.
Click to expand...
Published today (11/08/25) in the AFR:

The bidding consortium led by Abu Dhabi National Oil co’s XRG arm has extended due diligence to firm up a proposed $36.4 billion takeover bid for Santos, with mutual agreement from the target.

The group said there remained “strong alignment between both parties on the strategic rationale for the potential transaction, and the process to date has been constructive and is ongoing”.

Santos and its suitor agreed a 6-week due diligence period for the consortium to examine its assets, which came to an end on Friday.

The XRG-led consortium said it needed more time to carry out its work.
 
rcw1 said:
Published today (11/08/25) in the AFR:

The bidding consortium led by Abu Dhabi National Oil co’s XRG arm has extended due diligence to firm up a proposed $36.4 billion takeover bid for Santos, with mutual agreement from the target.

The group said there remained “strong alignment between both parties on the strategic rationale for the potential transaction, and the process to date has been constructive and is ongoing”.

Santos and its suitor agreed a 6-week due diligence period for the consortium to examine its assets, which came to an end on Friday.

The XRG-led consortium said it needed more time to carry out its work.
Click to expand...
It was always fishy and i sold out as soon as the price was up.
I somewhat do not believe it will eventuate.
Santos has been "enormous potential and never ending pain" since i first started investing 20+y ago, and why would this change now?
It hardly doubled in price in the last 26 years so severe loss, and dividends were never wonderland..
 
qldfrog said:
It was always fishy and i sold out as soon as the price was up.
I somewhat do not believe it will eventuate.
Santos has been "enormous potential and never ending pain" since i first started investing 20+y ago, and why would this change now?
It hardly doubled in price in the last 26 years so severe loss, and dividends were never wonderland.
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reckon so too, have traded previously, they smashed Roma big time, boom time circa probably 2010 or thereabouts, changed the township from rural to industrial. Did some work out that way... not to mention the Roma Cup :)

Not sure that was a good thing. Anyways, is what it is bloke

Kind regards
rcw1
 
One of my best shares.
Sell high buy low. Done this many times. Best was COVID times.
Really doesn't always have to be blue sky stocks to make money.
 
UMike said:
One of my best shares.
Sell high buy low. Done this many times. Best was COVID times.
Really doesn't always have to be blue sky stocks to make money.
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Yes, i did that recently, a couple of months swings repeated .why i was able to sell..cause i bought low before
 
Could be that Australia often over-rules and undervalues its self.
.
Really.... A foreign identity values it 15% higher than Australia..... Something very wrong with this country atm.
.
And thats their first bid know what a clown show the bureaucracy is.
 
UMike said:
Could be that Australia often over-rules and undervalues its self.
.
Really.... A foreign identity values it 15% higher than Australia..... Something very wrong with this country atm.
.
And thats their first bid know what a clown show the bureaucracy is.
Click to expand...
They knocked back a bid a few years ago, from memory it was around what the price is now.
 
STO is one of my picks in the 2025 Year comp @mullokintyre and @peter2 . I held it a long time ago, there has been a takeover bid a few months ago and it is hugging that bid offer price. It has been a dog and will be no loss to the ASX.

I wish I'd held on to it to get the premium for the t/o.

gg
 
Here’s a potential trade for Santos Limited (STO) that appeared in the weekly scans this week - further details available at the TradingView link through the linking page below:

ivorywolf.start.page

Steven Haas (IvoryWolf)

Active trading of ASX/US stocks and crypto markets - subscribe for regular trade suggestions and discussions with an active, supportive community!
ivorywolf.start.page ivorywolf.start.page

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