Streetbeat News

SSLZY

Santos Ltd

http://www.santos.com/

CEO

Kevin Gallagher

Industry

Crude Petroleum and Natural Gas Extraction

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

WTI crude oil prices surged to $80 per barrel, marking the best day in over two months due to anticipated demand and supply constraints. The United States Oil Fund (USO) and Energy Select Sector SPDR Fund (XLE) saw significant gains. Goldman Sachs raised its long-term oil demand outlook and highlighted several Buy- and Sell-rated energy stocks.

Portfolio Pulse from Piero Cingari

May 28, 2024 | 7:55 pm

Woodside Energy Group Ltd (NYSE:WDS) announced a $1.2 billion impairment charge related to assets from its merger with BHP Group Ltd (NYSE:BHP), impacting its Shenzi asset. The total non-cash post-tax asset impairments for 2023 are expected to be about $1.5 billion, including other charges like a $300 million impairment for Wheatstone. Despite this, Woodside reported significant reserve additions in 2023, with a proven reserves life of 12.2 years. The company also ended acquisition talks with Santos Ltd (OTC:SSLZY) due to a lack of identified benefits. WDS shares dropped 1.25% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 15, 2024 | 12:00 pm

Woodside Energy Group Ltd (NYSE:WDS) and Santos Ltd (OTC:SSLZY) have terminated their acquisition discussions. Woodside's CEO emphasized the importance of value accretion for shareholders, while Santos highlighted the lack of sufficient benefits to support a merger. The potential merger, valued at A$80 billion, would have created a significant entity in the global oil and gas sector, particularly in the LNG market. Woodside's shares saw a slight decrease of 0.05% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 07, 2024 | 1:32 pm

Woodside Energy Group Ltd (NYSE:WDS) has signed a five-year Sales and Purchase Agreement (SPA) with Pilgangoora Operations Pty Ltd, a subsidiary of Pilbara Minerals (OTC:PILBF), to supply Domestic LNG from the Pluto Truck Loading Facility starting Q4 2024. The deal supports Woodside's commitment to domestic gas supply and helps Pilbara Minerals reduce emissions by lowering diesel use. This news follows Woodside's ongoing discussions with Santos Ltd. (OTC:SSLZY) about a potential merger.

Portfolio Pulse from Lekha Gupta

December 21, 2023 | 11:58 am

Woodside Energy (NYSE:WDS) and Santos Ltd. (OTC:SSLZY) are in early discussions about a potential merger that could create an A$80 billion ($52 billion) oil and gas giant. The merger would mark a significant consolidation in the global oil and gas industry. Woodside, with a market cap of A$56.91 billion, is larger than Santos, which has a market cap of A$22.1 billion. Both companies have experienced share price declines amid decarbonization pressures. The merger could strengthen their position in the LNG market and improve negotiations with buyers.

Portfolio Pulse from Akanksha Bakshi

December 07, 2023 | 4:49 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.