Santos's Upcoming Investor Day Likely Positive -- Market Talk

Dow Jones10-18

2252 GMT - Australian energy company Santos's investor day next month should be positive, says Macquarie. It expects Santos to provide favorable 2025 guidance, forecasting a 6% rise in production and a 35%-40% drop in capex even as it decommissions more facilities. It's hopeful about news of cost-cutting and a better definition of shareholder returns that could see dividend payouts increase. Macquarie also says that a merger between Woodside and Santos, which was discussed by the companies last year, now makes more sense than it did back then. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

October 17, 2024 18:52 ET (22:52 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment