(EnergyAsia, May 4) — Shaw Stockbroking has placed a ‘hold’ rating on the stock of Santos despite the Australian upstream company reporting first quarter production and sales above forecasts. “Strong revenues resulting from over-lifted liquids volumes and high-realised prices have increased our FY05 profit forecast by 3%,” said Shaw. Santos was boosted by a…
AUSTRALIA: Stockbroker recommends ‘hold’ on Santos stock
Posted on May 4, 2005 by EnergyAsia