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ASX Top 200 Stocks Down Under 14 March 2022: Santos (ASX:STO)
Santos: We want decarbonisation, and this stock is part of the solution
Today, we look at Santos (ASX: STO) – one of Australia’s gas giants. Santos recently completed a merger with Oil Search, and is seeing oil prices at near-decade highs but is still below its pre-Corona Crash levels. We think this company still has some catching up to do, especially now that the merger is complete. Despite the ESG scrutiny that many oil & gas companies suffer, we think this company is part of the solution (rather than the problem) because of the lower emissions intensity of natural gas and LNG as well as the exposure the company has to carbon capture and potentially, in the medium to long term, hydrogen.
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 7 March 2022