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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.


OTCPK:STOSF - Post by User

Santos Ltd > Inside Buying
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Comment by nijinsky70on Oct 20, 2012 11:35am
106 Views
Post# 20506179

RE: Inside Buying

RE: Inside Buying

Does anyone know the approximate ownership distribution of STO shares?  I'm curious to know the extent of insider ownership of this company.  It seems to me if insiders are not buying there is no market for the STO shares.  Look at yesterday, 172,771 shares were traded and insiders accounted for 99,800 shares or almost 58%.  This has to be the most tightly held company I ever invested in.  The good is insiders did protected the SP, even during the recent rough stretch. The bad is SP is very range bound when there are no outside investors interested in STO.  Small retails like myself never among to anything.  On top of that the stock is very illiquid because of the tight holding.  Good luck if you try to sell any STO shares, you can wait the whole morning without a bite.  Love to hear everyone's thought on this.  Especially the continous insider buying and yet leads to no increase in SP.

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