STO 1.36% $5.98 santos limited


  1. 2,257 Posts.
    lightbulb Created with Sketch. 21
    BG have just reported 2014 end of year

    Their approx. $20.4Bn QCLNG has been written down

    Impairments excluding QCLNG pipeline:
    -2.7Bn  - remnant assets
    -4.1Bn  - for reduction in assumption of future commodity prices
    Total -6.8Bn
    This impairment is significant

    They expect sale of QCLG pipeline to be a profit of around 3.3Bn

    Shows that selling pipelines is a good way to offset the impairment. The market reaction to BG results seems mild.

    What will STO do ? sell a pipeline !

    We would hope that the market has priced in the write-downs that STO will have to do for its share of GLNG.

watchlist Created with Sketch. Add STO (ASX) to my watchlist
(20min delay)
Mkt cap $12.28B
Open High Low Value Volume
$5.93 $6.00 $5.87 $30.73M 5.152M

Buyers (Bids)

No. Vol. Price($)
6 96975 $5.97

Sellers (Offers)

Price($) Vol. No.
$5.98 4500 1
Last update - 16.10pm 16/01/2019 (20 minute delay) ?
0.08 ( 1.46 %)
Open High   Low Volume
$5.92 $6.00   $5.88 994074
Last updated 15.59pm 16/01/2019 (live) ?
STO (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.