Santos Ltd

STO: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$77.50	Xlpq	Rtjjczgwx

Woodside and Santos: Merger Talks End, but the Fundamentals Remain Bright

Mark Taylor

Feb 8, 2024

Over two months since first confirming merger discussions were underway, Woodside and Santos are walking away with no agreement. The no-moat Australian oil and gas producers have provided little color, save for Woodside reiterating it only pursues transactions when value-accretive for shareholders. Excellent news.

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