logo-loader
viewSantos Ltd

Is Woodside Petroleum about to make a bid for Santos?

au_oilbarrels350_4baa5a0893ddb.jpg

The Sydney Morning Herald reported today that Woodside may consider a A$15 billion bid for Santos in an effort to gain access to Queensland state’s gas export industry. 

An oil analyst spoken to today under anonymity thought it "unlikely" given Woodside's stated objectives, and aversion to "big ticket" LNG export projects.  However the analyst said it could not be discounted the possibility. 

Quick facts: Santos Ltd

Price: 5.76 AUD

ASX:STO
Market: ASX
Market Cap: $12 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Archer Materials looking to raise 3 million offering a Share Purchase Plan

Archer Materials ( ASX: AXE) CEO Dr Mohammad Choucair joined Proactive’s Steve Darling with news the company is looking to raise capital in a Share Purchase Plan which began June 1st. That plan will allow eligible shareholders the opportunity to purchase new Archer shares at a price of $0.60 per...

4 hours ago

2 min read