Santos keeps a lid on costs

Santos has morphed from a safe and sleepy dividend stream to a growth prospect. And development costs are under control.

When it comes to Santos, no news is good news. And the message from its half-year results this morning was clear; everything is going according to plan.

Santos (STO) is a company in transformation. Once seen merely as a dividend stream from its Cooper Basin interests with capital growth shackled by state government legislated limits on shareholdings, now is a growth stock.

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