ASX:STOOil and Gas
Santos (ASX:STO) Shares Could Be 16.2% Undervalued After Pikka First Oil
Santos (ASX:STO) is back in focus after reaching first oil at the Alaska Pikka project, a milestone that puts the upcoming third quarter production ramp and the company’s debt reduction plans under closer investor scrutiny.
See our latest analysis for Santos.
Despite the Pikka milestone and focus on higher production, Santos shares have eased in recent weeks, with a 30 day share price return of 5.46% and a 1 year total shareholder return of 0.62%. This suggests momentum has cooled after a...