Illustrating the potential extremes of this price war, ING Research recently revised its 2020 oil price forecasts. The company also noted that it has secured a fixed-price contract for ~2.4 MMboe of LNG production between April and December 2020. You may vote once every thirty days. Copyright 2019© FactSet Research Systems Inc. All rights reserved. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Vote “Underperform” if you believe STOSF will underperform the S&P 500 over the long term. The company was founded in 1954 and is headquartered in Adelaide, Australia. See full non-independent research disclaimer. Find out what charges your trades could incur with our transparent fee structure. (Add your “outperform” vote. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. ), Santos has received 57 “underperform” votes. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Investors have been fighting to buy energy shares on Friday after oil prices spiked overnight. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. All shares prices are delayed by at least 15 mins. All rights reserved. Enter ‘Santos’ or ‘STO' in the search bar and select it, Click on ‘buy’ or ‘sell’ in the deal ticket, Get full exposure for a comparatively small deposit, Get greater order book visibility with direct market access, Analyse and deal seamlessly on fast, intuitive charts, See and react to breaking news in-platform. Try a risk-free trade in your demo account, and see whether you’re on to something. What is CFD trading and how does it work? 'Without OPEC+, the global oil market has lost its regulator and now only market mechanisms can dictate the balance between supply and demand.'. See what's happening in the market right now with MarketBeat's real-time news feed. Mind you, in the current environment, even if Russian and Saudi Arabia can come to a production cut agreement, ING notes that it would ‘still likely not be enough to bring the market back to balance.’. Santos trades on the OTCMKTS under the ticker symbol "STOSF.". Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Prices are indicative only. IG | Sitemap | Terms and agreements | Privacy | Cookies | About IG. Oil prices plunged to a 17-year low today, as concerns over the Coronavirus pandemic continue to ripple through global commodity markets. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Some companies that are related to Santos include Crown Point Energy (CWVLF), Emerald Health Therapeutics (EMHTF), Freehold Royalties (FRHLF), Gasfrac Energy Services (GSFVF), Gulf Coast Ultra Deep Royalty Trust (GULTU), Lonestar Resources (LNREF), Manitok Energy (MKRYF), Osage Exploration and Development (OEDV), Petro Matad (PRTDF), Seven Generations Energy (SVRGF), Spartan Delta (DALXF), Spyglass Resources (PACEF), Spyglass Resources (SGLRF), STRATEGIC ASSET/SH SH (LEAS) and TORC Oil and Gas (VREYF). View the latest news about Santos. Santos Limited explores for, develops, produces, transports, and markets hydrocarbons for homes and businesses in Australia and Asia. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. The research house is now expecting that Brent Crude prices will hit US$20 per barrel in Q2 of CY20, US$35 in Q3 and US$45 in Q4. Its proved plus probable reserves include 1,022 million barrels of oil equivalent. 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This website is owned and operated by IG Bank S.A. View which stocks are hot on social media with MarketBeat's trending stocks report. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Mind you, even though Woodside and Santos are taking prudent measures to lock-in revenue certainty, their share prices have been sold off heavily in the last month, as investors across the board trim their exposure to risk assets. Fundamental company data and analyst estimates provided by FactSet. CFDs are leveraged products. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. The research house is now expecting that Brent Crude prices will hit US$20 per barrel in Q2 of CY20, US$35 in Q3 and US$45 in Q4. What’s the current outlook for Santos, Woodside and oil prices? Its five principal assets are located in the Cooper Basin, Queensland & NSW, Papua New Guinea, Northern Australia, and Western Australia. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Oil price forecast 2020. Since then, STOSF shares have increased by 24.6% and is now trading at $3.62. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Do Not Sell My Information. Specifically, the company noted that it ‘has hedged 11.85 million barrels of oil between April and December 2020 at an average price of $33.47 per barrel.’. © American Consumer News, LLC dba MarketBeat® 2010-2020. Consequently any person acting on it does so entirely at their own risk. (Add your “underperform” vote.). Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Go long or short on thousands of international stocks with CFDs. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. In the past three months, Santos insiders have not sold or bought any company stock. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Get short term trading ideas from the MarketBeat Idea Engine. Ultimately, with no end in sight to Saudi Arabia and Russia’s oil price war – weak and volatile oil prices look set to persist for some time.