San­tos (STO) $4.490

The Sunday Times - - PERSONAL FINANCE -

At cur­rent share price lev­els, STO has ap­pre­ci­ated by 55 per cent from mid-year lows of $2.90. How­ever, cost-cut­ting at the group’s GLNG ex­port op­er­a­tion and in­creased drilling at Cooper Basin point to the po­ten­tial for ex­cit­ing gains in 2018. A ma­jor in­vest­ment bank re­cently in­di­cated that San­tos could po­ten­tially hit its debt-cut­ting tar­get by the end of 2018, al­most a full year early.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.