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Santos Ltd (ASX:STO) is one of Australia’s largest oil and gas companies. Founded in the 1950’s, Santos owns and operates one of Australia’s largest portfolios of oil and gas fields, connected by extensive pipelines and complementary facilities.
The S&P/ASX 200 (ASX: XJO) Australian share market index ended Monday’s trading session down a jaw-dropping 9.7%. Of course, this follows falls of 20% already this year.
The S&P/ASX 200 (ASX:XJO) is expected to trade down today with the Sydney Futures Exchange pointing to a negative open.
Santos Ltd (ASX: STO) shares are a focus on the Australian share market today after the oil and gas company upgraded its long-term production forecasts.
The Santos Ltd (ASX:STO) share price is trading 1% higher this morning after announcing a record quarterly production of barrels of oil equivalent.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.77% at lunch.
Santos Ltd (ASX:STO) has announced a very large acquisition to investors, is the share price a buy on the news?
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.09% on Friday.
We could see the shares of Santos Ltd (ASX:STO), Oil Search Limited (ASX:OSH) and Beach Energy Ltd (ASX:BPT) fall today.
The oil price could soar this week after events in the Middle East, which could send the share prices of Santos Ltd (ASX:STO) and Beach Energy Ltd (ASX:BPT) soaring.
