Santos shares rose 2.6% yesterday, following a sharp spike in oil prices. The comanpy has had a promising year in general. Earlier this year, they issued a new and attractive dividend policy designed to pay out in these intermittent oil price booms.
Victoria’s future energy supply is in a precarious position. Bass Strait gas reserves, which have long powered the state, are in decline. Additional gas needs must now travel down the pipeline infrastructure from up north. For a state with Australia’s fastest population growth, it’s not a great situation to be in.
Some people believe crude will march to higher prices. Others say it’s overpriced… It’s tough to know who’s right. But, objectively speaking, the sector remains broadly ‘hated’ by the market.
Caltex Australia Limited [ASX:CTX], an energy corporation, is riding a market wave today. The company stock is up on the back of a Woolie’s deal. As of writing, CTX is up just over 4% by midday.
Santos Ltd’s [ASX: STO] shares are up by over 2% this afternoon, after the company announced a new dividend payout policy to counter fluctuating oil prices. Additional news that the policy will commence earlier than expected has sent shares rocketing into more than a one-month high.
The massive investment into liquid natural gas (LNG) over the past decade has resulted in the development of a new export industry. It may finally start to pay off over the next few years.
There’s huge growth coming out of China for clean energy. There will be plenty of Aussie tech stocks that could benefit. Where’s your opportunity in all this?
Shares of Sundance Energy Limited [ASX:SEA] are no longer as stagnant as they were during the beginning of the year. Its shares rising by 5.97% shows investors that they’re capable of turning over efficient production results.
At the time of writing, shares of Eneabba Gas Ltd [ASX:ENB] are up by more than 18%, today trading for 1.3 cents. Why did Eneabba Gas Ltd shares do this? On 15 March, Eneabba Gas Ltd entered into a binding…
Redflow has recently entered a trading halt resulting in a massive share drop of almost 19%. The company has gone through with a capital raising, which industry sources indicate could raise upwards of 15.6 million.