Squeezed Santos makes a sensible decision

Santos had no choice but to slash costs to ensure its near-term financial stability. Its priority will to be avoid a punitively dilutive equity before its LNG plants begin gushing cash.

Santos’ David Knox has, sensibly, responded to the sharemarket pressure exerted by a tumbling oil price and imploding share price, while Origin Energy’s Grant King has tried to pre-empt a similar onslaught. The immediate market response might not have been positive but a response to the escalating pressure from the markets was critical.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles