Santos traded at 7.81 this Friday May 29th, decreasing 0.04 or 0.51 percent since the previous trading session. Looking back, over the last four weeks, Santos lost 2.38 percent. Over the last 12 months, its price rose by 18.51 percent. Looking ahead, we forecast Santos to be priced at 7.66 by the end of this quarter and at 7.22 in one year, according to Trading Economics global macro models projections and analysts expectations.
Santos Limited is a natural gas company. The Company is engaged in exploration and production activities in Australia. The Company sells Gas, ethane, liquefied natural gas (LNG), crude oil, condensate, naphtha and liquefied petroleum gas (LPG). The Company's segments comprise its key assets/operating areas: Cooper Basin; Queensland and NSW, Papua New Guinea (PNG), Northern Australia and Timor-Leste, and Western Australia. The Cooper Basin produces natural gas, gas liquids and crude oil. Gas is sold primarily to domestic retailers, industry and for the production of liquefied natural gas, while gas liquids and crude oil are sold in domestic and export markets. GLNG produces LNG for export to global markets from the LNG plant at Gladstone. The gas from GLNG is also sold into domestic markets.