This is one of the longest takeovers Ive seen! But now that our friends at OPEC have declared war on US shale, determined to run them out of business, it obviously affects Australian gas exporters (did you know that LNG contract are tied to the oil price??!) Santos high costs of production and poor reserves of cash (theyre tapping shareholders despite losing 20% of the value in the past 3 days) means the talk of a takeover is back on the table Santos cheap but only for the brave December 01, 2014 SANTOS has become the obvious takeover target in the oil and gas sector, given that shares in the $10 billion producer are now trading at $10.10 — two thirds of their September level. France’s Total has been named as the most likely suitor, given its GLNG joint venture with Santos, although it has not yet made any move. Weighing against the argument of any deal in the space, however, is that the global giants do not believe that coal-seam gas or Cooper shale gas would work as a strong investment proposition at the current prices. theaustralian.au/business/dataroom/santos-cheap-but-only-for-the-brave/story-fnjw8txa-1227140231747 But but but ... theres a lot of talk about that over the recent years ... Mergers, acquistions and big business 30 April 2014 Hydrocarbons heavyweight Santos (STO) is a potential foreign takeover play: but in a rare display of realism, the company is perfectly OK with this conjecture. Chief executive David Knox admits that Santos is an increasingly attractive takeover target, as its massive $21 billion Gladstone liquefied natural gas (GLNG) project – of which Santos owns 30%, along with partners Petronas, Total and Kogas – gets closer to making its first shipments in 2015. learn.nabtrade.au/discover/articles/ma-action-to-watch-out-for Santos suitors circle 14 February 2014 Santos chief executive David Knox concedes the oil and gas group will become an increasingly appealing takeover target now the bulk of the capital spending on its massive $US18.5 billion ($20.6 billion) Gladstone liquefied natural gas venture has happened. afrsmartinvestor.au/p/shares/santos_suitors_circle_1oizznzHTevXjlMhZ60kOK Santos takeover talk rekindled 12 JUL 2013 Gas firm Santos Ltd is the target of fresh takeover talk after a spike in trading of the firms shares, according to The Australian. The rumours suggest Chevron or ExxonMobil may be interested in Santos as both companies seek to expand their presence in Australias gas sector. businessspectator.au/news/2013/7/12/santos-takeover-talk-rekindled Analysts at JP Morgan and Deutsche Bank name Santos as takeover target WALL STREET JOURNAL JUNE 07, 2012 TAKEOVER chatter about Australian energy company Santos has bubbled to the surface again, with JP Morgan and Deutsche Bank naming it as a potential target in as many days. theaustralian.au/archive/business/analysts-at-jp-morgan-and-deutsche-bank-name-santos-as-takeover-target/story-fnay3vxj-1226387264045 Australia Woodside dismisses Santos takeover talk Mar 25, 2010 Shares in Santos, Australias third-largest oil and gas producer, jumped as much as 4.7 percent on Thursday after The Age newspaper said Woodside could bid for Santos to secure its coal seam gas-to-liquefied natural gas (LNG) project in Queensland state. Citing market rumors, the newspaper said Woodside planned to sell off Santos non-export gas interests to help defray the cost of a takeover. reuters/article/2010/03/25/us-santos-woodside-idUSTRE62O04Z20100325 Speculating About A Takeover Of Santos 25 March 2009 Global energy giants BP, Eni and Shell are eyeing possible bids for Australias No.3 oil and gas firm Santos, which one analyst valued at around $7 billion, but a bid from China looks unlikely, dealmakers say. Takeover speculation has swirled around Santos, which has a strong balance sheet and coveted liquid natural gas (LNG) prospects, since Nov 29 when a government cap on foreign ownership expired. peakenergy.blogspot.au/2009/03/speculating-about-takeover-of-santos.html Santos surges on speculation May 02, 2008 AUSTRALIAS listed coal seam methane (CSM) sector rocketed to a record high yesterday, adding $1 billion to the value of 17 listed stocks, as speculation mounted that the super oil majors, along with the Japanese and Chinese oil giants, would make a move on the sector following BG Groups $12.9 billion bid for Origin Energy. topstocks.au/stock_discussion_forum.php?action=show_thread&threadid=228306 Its hard to buy declining stocks, in a poor market, in a sector that looks set to be receding ... purely on the chance of a takeover Not for me DYOR ;)
Posted on: Tue, 02 Dec 2014 03:06:41 +0000
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