Santos Ord Shs 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 Ord Shs > Anyone talk to management.

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Comment by nijinsky70on Dec 04, 2012 8:47am

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Post# 20679047

RE: RE: RE: RE: RE: RE: Anyone talk to management.

"PRY shareholders are simply selling PRY and buying STO to lock in a loss without exposure to share price appreciation in the 30 day "no own" window."

terroir:

Are you sure that's OK with CRA? I looked long and hard about do that. I even consulted a CA friend of mine and read the CRA rule in some detail on creating artificial capital losses. That seems to be a no no. With the announced combination, PRY and STO are deemed to be the same security. This may not fly with an tax audit.

Are you sure this is OK? That's why I haven't sold my PRY yet for tax losses and buy STO via the back door.

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