|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||19.48 - 19.98|
|52-week range||19.13 - 27.05|
|Beta (5Y monthly)||0.77|
|PE ratio (TTM)||5.22|
|Forward dividend & yield||2.24 (11.50%)|
|Ex-dividend date||31 Aug 2023|
|1y target est||N/A|
Oil and gas firms Woodside and Santos could overcome any "significant concerns" with a A$80 billion ($52 billion merger) from Australia's competition regulator by selling off some smaller domestic assets, said a source with knowledge of the deal's discussions. The source could not be named as the merger talks between Woodside and Santos are confidential. Woodside and Santos declined to comment, with Santos referring to its statement on Thursday, which said it was "assessing a range of alternative structural options".
A potential A$80bn ($52bn) merger of two of Australia’s largest oil and gas companies to create a national champion in liquefied natural gas reflects a harsh reality in the sector: without global scale, it is hard to remain relevant. Woodside Energy and Santos said on Thursday they had opened talks over a potential deal. If completed, it would consolidate nearly all of Australia’s LNG sector into a single entity.
SYDNEY (Reuters) -Santos Ltd shares jumped on Friday on the prospect of a possible $52 billion merger with bigger Australian rival Woodside, but investors said valuation will be key, while domestic asset sales are likely to be needed to overcome competition concerns. After market hours on Thursday, Woodside and Santos confirmed speculation they were in preliminary talks to create a major oil and gas company, which together would have assets in Australia as well as Alaska, the Gulf of Mexico, Papua New Guinea, Senegal and Trinidad and Tobago. Santos shares jumped nearly 11% in early trade to hit their highest level in five weeks, but pared gains to settle up 6.2%.