Santos Ltd T.STO

Primary Symbol: STOSF

Energy Oil & Gas Integrated

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.

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Santos Ltd > Market Call

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Comment by nijinsky70on Mar 30, 2012 9:03am

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Post# 19737619

RE: Market Call

Actually I don't know whether it's good or bad. Two of Granger's picks STO and WCP I already owned, and both down about 15%. Yikes.

The one thing I do notice about STO it's actually very thinly traded, hard to buy and hard to sell, in spite of the daily volumes. Anyway, let's hope the secret is out now.

BTW I expect a modest recovery today for no reason other than it's a month end and quarter end. The fund managers would do some buying to boost the closing values of their funds at the end of Q1. I think the MMs, hedge funds and day traders would likely take a day off because of it.

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