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Santos Ltd T.STO


Primary Symbol: STOSF

Santos Limited is focused on three regional business unit, including Cooper Basin, Queensland and New South Wales (NSW) and (PNG), now form the Eastern Australia and PNG Business Unit, Northern Australia and Timor-Leste, and Western Australia now form the Western Australia, Northern Australia and Timor-Leste Business Unit and Alaska is the third regional Business Unit. Supporting these three business units are two functional divisions: Santos Energy Solutions and Upstream Gas and Liquids. The Cooper Basin produces natural gas, gas liquids and crude oil. Gas is sold primarily to domestic retailers, industry and for the production of liquefied natural gas, while gas liquids and crude oil are sold in domestic and export markets. Its GLNG project in Queensland produces liquefied natural gas (LNG) for export to global markets from the LNG plant at Gladstone and is also sold to the domestic market. Northern Australia and Timor-Leste is centered on the Bayu-Undan/Darwin LNG (DLNG) project.


OTCPK:STOSF - Post by User

Comment by retiredcfon May 17, 2012 2:37pm
196 Views
Post# 19921926

RE: BNN Recommendation

RE: BNN Recommendation

Here's the summary of his comments.

BUY 3.850 Eric Nuttall Great, great oil company. Good example of a mid-cap stock that has been lambasted but has held up better than most. Put out a great quarter a few days ago showing the strength of their main property, the Keystone assets. Extraordinary management team. Picked up an asset very much on the cheap. Trading at a significant discount to its reserve value. Growing production by 180% this year. Very cheap. 2012-05-16

Also judging from the dates below, we are overdue for some analyst updates. Based on these results, targets should be heading northwards. GLTA

Spartan Oil

(STO-TSX)

Action Analyst Rating Price Date
Target Clarus Securities $8.00 « $7.00 04/05/12
Downgrade Goldman Sachs Sell « Neutral 03/13/12
Target Clarus Securities Buy $7.00 « $6.25 02/13/12
Target Scotia Capital $5.75 « $4.75 02/13/12
Reinitiate Octagon Capital Buy $5.50 12/19/11
Maintain Jennings Capital Buy $6.00 11/28/11

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