Santos Ltd Stock Forum

Our market experienced broad based gains after the very strong lead out of Wall Street….Santos (STO) continues to taunt us as it trades right around a key break out level on the chart. Check it out…. $Santos Ltd(STO.AU)$

Thanks to the ban on RUSSIAN ALUMINUM going through the COMEX and LME, South 32 ( $South32 Ltd(S32.AU)$ ) rallied 4.5% and Alumina ( $Alumina Ltd(AWC.AU)$ ) put on 6%.…Elsewhere, I was a little surprised fundies weren’t coming in hard for our OILERS – Woodside ( $Woodside Energy Group Ltd(WDS.AU)$ ) only put on 0.3% and Santos ( $Santos Ltd(STO.AU)$ ) added just 0.9%….Got to say that STO looks more than ready to break out and we could even see WDS return with a better takeover offer.

Our market had a solid session as investors poured money into resource stocks on the back of stronger commodities.
$Santos Ltd(STO.AU)$ rallied 4%, $BHP Group Ltd(BHP.AU)$ put on 2.5% and  added 3.22%!!!

Investors threw cash at resource stocks, stoked by rising commodity prices.
STO soaring 4% like a rocket, BHP up 2.5% steady as she goes, and NEM climbing 3.22% - talk about a green day! 🚀💰💸 $Santos Ltd(STO.AU)$ $BHP Group Ltd(BHP.AU)$ $Newmont Corp(NEM.AU)$

Bloomberg published an article claiming Saudi Aramco and Abu Dhabi National Oil Co have been separately examining a takeover bid for Santos ( $Santos Ltd(STO.AU)$ )….I think there is Buckley’s chance the government will allow a foreign entity to acquire Santos.

Bloomberg published an article claiming Saudi Aramco and Abu Dhabi National Oil Co have been separately examining a takeover bid for Santos ( $Santos Ltd(STO.AU)$ )….I think there is Buckley’s chance the government will allow a foreign entity to acquire Santos.

• Top gainers: $Bellevue Gold Ltd(BGL.AU)$, $Arcadium Lithium PLC(LTM.AU)$, $GQG Partners Inc(GQG.AU)$
• Top losers: $Pro Medicus Ltd(PME.AU)$, $Cettire Ltd(CTT.AU)$, $New Hope Corp Ltd(NHC.AU)$
Market Performance
In a robust trading session, Australia's $S&P/ASX 200(.XJO.AU)$ index concluded at 7831.8, marking a 1.2% ascent, buoyed by the strong performance of its leading firms. The index experienced an upward leap at th...

Woodside ( $Woodside Energy Group Ltd(WDS.AU)$ ), Santos ( $Santos Ltd(STO.AU)$ ), Beach ( $Beach Energy Ltd(BPT.AU)$ ) and Karoon ( $Karoon Energy Ltd(KAR.AU)$ ) should be banking some solid cash at the moment considering the recent rally in OIL.…All 4 stocks are CHEAP.