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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 larsen6on Sep 16, 2012 10:47am
123 Views
Post# 20372295

RE: RE: RE: 52 Week high

RE: RE: RE: 52 Week high

Hi Nijinsky:

 

I have only sold 10,000 in recent days.  Still hold about 130,000 shares. This is way down from the 270,000 peakI held back in Feb.

 

My hesitancy to hold all my STO shares to the very end is the fact that I invest in stocks at times with a lot of margin.  Right now I again have a lot of margin at play.  Essentially most of my house is in the market right now.

 

After watching the slaughter I and others took between March and June, I just don't want to go down the road of having to sell good stocks such as STO to cover my margiin in case of another downfall.  Were I not having the margin bell around my neck, I would not be selling at all :)

 

Macroeconomically, I think that we are in better shape than we were in March - June, but I want to take some profits a little earlier this time around.  I have full confidence in STO, and I think that this time around I can get that new car for the wife.

 

Larsen6

 

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