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Santos Ltd T.STO


Primary Symbol: STOSF

Energy Oil & Gas E&P
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

Santos Ltd
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Post by InsideIntelon Nov 23, 2012 11:25am
288 Views
Post# 20636290

Your all wrong.....

Your all wrong.....

This was a liquidity event plain and simple.  There were millions of shares "founders shares" locked up at low prices and they needed to create liquidity for themselves.  This is how all the insiders that control the investment banks make 10-50 timers while the little people fight over scraps.

On the bright side this is the best merger i have seen in a long time and once the founders/inital Investors are done selling the stock will rise.  I think we have a mini CPE here and 8.2% yeild is great while we all wait.  They will have best of both worlds growth and dividend as theya are just getting started....patience will pay in this case.

D.

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