Up 99% in 3 months, can the HUB24 (ASX:HUB) share price double again. That means the Santos share price could be tracking them lower when it returns to the boards this week. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*.
© 2009 - 2020 The Motley Fool Australia Pty Ltd. All rights reserved. Get Started Investing While activists have indicated further appeals may be on the way, Santos said it “accepts the conditions proposed by the IPC”. “Following its detailed deliberations, the Commission concludes the project is in the public interest and that any negative impacts can be effectively mitigated with strict conditions,” the state commission said.
Santos is South Australia’s largest gas producer. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’. Planning approval for a gas pipeline from the project would also have to be in place before Santos could start construction. Up to 200 staff, many of which are based at Santos’ Flinders Street Headquarters, are expected to be relocated or made redundant. Find out the names of our 3 Post COVID Stocks – For FREE! Investment news, stock ideas, and more, straight to your inbox. Santos sources only the finest and freshest ingredients across our complete product range. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
Our Standards: The Thomson Reuters Trust Principles. Santos also transports crude oil by pipeline. ASX 200 | A B C D E F G H I J L M N O P Q R S T U V W X. Privacy Policy | “Approval of projects like Narrabri backs both our gas sector and all Australian gas users - creating jobs in New South Wales as we recover from COVID-19,” Australian Energy Minister Angus Taylor said in a statement. Australia. The country’s environment minister, Sussan Ley, has 30 business days after receiving the state’s report to reach a decision on the project. The Climate Council, which opposes the project, said Santos could still face financing and environmental hurdles due to growing opposition to fossil fuels. Returns since inception 01/06/2017. The Complete Guide to Planning For Your Retirement, Setting up an SMSF: 10 Things You Need to Know Before Starting, 3 easy steps to building your ASX share portfolio for an early retirement, 4 tips on how to pick winning stocks for your retirement share portfolio, This is the best asset to own to start saving for your early retirement, Commonwealth Bank of Australia (ASX: CBA), Flight Centre Travel Group Ltd (ASX: FLT), Vanguard Australian Shares Index (ASX: VAS), Why Mirvac (ASX:MGR) and these ASX REITs could boom in 2020, Why the SKYCITY share price jumped 23% in September. All quotes delayed a minimum of 15 minutes. Before it's here, it's on the Bloomberg Terminal. The approval is good news for the Santos share price which remains in a trading halt following the news. Hear our experts take on shares, the market & how to invest. For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. “We’d aim for an FID within basically a couple of years,” Santos Chief Executive Kevin Gallagher told Reuters on Aug. 20. .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla {background: #fff7c4;} aside section .fool-ecap-id-19.fool-ecap-type-vanilla h3 {font-size: 1.6em;} p.ecap-disclaimer {font-size: 0.6em!important;}div.fool-ecap.fool-ecap-id-19 form {position: relative;text-align: center;margin: .2em 1em;}.fool-ecap.fool-ecap-id-19 p.ecap-disclaimer {margin-left: 0px;} .fool-ecap.fool-ecap-id-19 p.above-email{ margin-bottom: 0px;text-align:center;} div.fool-ecap.fool-ecap-id-19 p {color: #464646;}.fool-ecap-type-vanilla.fool-ecap-id-19 h3 {color: #404040;display: block !important;}.fool-ecap-type-vanilla.fool-ecap-id-19 .ecap-disclaimer{color: #484848 !important;}.fool-ecap-id-19.fool-ecap-type-vanilla h3.title{display:none !important;} .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla{ margin-bottom: 10px;}.fool-ecap-type-vanilla.fool-ecap-id-19 input[type="submit"] { margin: .5rem 0 .5rem !important;}.fool-ecap.fool-ecap-id-19 img {display: inline;}. A Fossil Fuel Fight in Australia Has Delivered a Win for Gas, Santos Chooses P2 Energy Solutions As Single Operations Platform For Its Production Needs, Unconventional Gas Market- Roadmap for Recovery from COVID-19|Abundance Of Unconventional Gas Resources to Boost the Market, Newport Receives AUD$1,840,434 (Gross)/AUD$1,288,304(Net) Quarterly Royalty Payment, EEG:AU VIDEO: Drilling Australia's Northern Shale Gas Frontier, Newport Announces Third Quarterly Cash Dividend, COVID-19: Significant Shift in Strategy of Unconventional Gas Market 2020-2024 | Abundance of Unconventional Gas Resources to, Newport Receives AUD$3,364,809 (Gross)/AUD$2,355,366 (Net) Quarterly Royalty Payment, KBR Awarded Energy Efficiency Opportunities Study for Gladstone LNG, DGAP-News: Origen Signs LOI to Acquire a 100% Interest in Highly Prospective Gold and Copper Properties in BC's Golden Triangle, Origen Signs LOI to Acquire a 100% Interest in Highly Prospective Gold and Copper Properties in BC's Golden Triangle, Palantir Technologies Co-Founder on Public Offering, Governance Structure, Ground Floor Santos Centre
Pipeline operator APA Group APA.AX said on Wednesday it plans to build a A$500 million pipeline to transport Narrabri gas across the state. For more information please see our Financial Services Guide. MELBOURNE (Reuters) - An Australian state on Wednesday approved a A$3.6 billion ($2.6 billion) gas project planned by Santos Ltd. , clearing the biggest hurdle for a long-opposed development that the government says could help fill a supply gap expected from 2024. said on Wednesday it plans to build a A$500 million pipeline to transport Narrabri gas across the state. Listen to Our Podcast Investors will be weighing up the importance of the Narrabri Gas Project approval against the broader weakness in ASX oil shares. Touch device users, explore by touch or with swipe gestures. 60 Flinders Street This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. May 28, 2020 by Nick Toscano Current as of October 1, 2020 6:11am. The Woodside Petroleum Limited (ASX: WPL) share price has fallen 2.5% lower this morning while Oil Search Limited (ASX: OSH) shares are down 2.3%. The Motley Fool Australia operates under AFSL 400691. It plans to spend 12 to 18 months on appraisal drilling after receiving all approvals, but did not say when it aimed to make a final investment decision (FID) on the project, on which it has already spent A$1.5 billion. Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. In this FREE STOCK REPORT, Scott Phillips just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can.