Santos Ltd

STO: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$58.30	Pfzh	Wdkvgvhx

Woodside and Santos: Merger Talks Reanimate Santos Shares

Mark Taylor

Dec 11, 2023

Woodside and Santos have confirmed that they are in early-stage discussions on a potential merger. We think a merger overall has considerable merit. However, no further details are provided by the no-moat businesses and there is no certainty a deal will proceed. A merger would be unlikely to change our view on the moat rating.

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