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.


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