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Santos Limited ( (AU:STO) ) has shared an announcement.
Santos Limited has extended the exclusivity period for a potential acquisition by the XRG Consortium, which includes major entities like Abu Dhabi National Oil Company and Carlyle. This extension allows the consortium to finalize due diligence and potentially proceed with a binding transaction, although there is no guarantee that the acquisition will be completed.
The most recent analyst rating on (AU:STO) stock is a Hold with a A$7.60 price target. To see the full list of analyst forecasts on Santos Limited stock, see the AU:STO Stock Forecast page.
More about Santos Limited
Santos Limited operates in the energy sector, primarily focusing on the exploration and production of oil and natural gas. The company is a significant player in the Australian market and is involved in various international projects, contributing to its robust industry positioning.
YTD Price Performance: 20.91%
Average Trading Volume: 11,359,465
Technical Sentiment Signal: Buy
Current Market Cap: A$25.53B
Learn more about STO stock on TipRanks’ Stock Analysis page.