SSLZY - Santos: Asian LNG Demand Growth Makes This Australian FCF Cow A Buy
- Santos has built five natural gas asset hubs in and around Australia. Through organic growth and acquisitions, Santos grew production steadily while lowering breakeven oil price.
- Santos has become an FCF machine since 2015, when the GLNG project came on-stream.
- Santos is about to kick off another capital spending cycle, but it is undervalued relative to peers.
- At a time when oil and gas producers are treated like lepers, Australia is refreshingly friendly to companies like Santos, which is poised to play an important role in satisfying the growing Asian LNG demand.
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Santos: Asian LNG Demand Growth Makes This Australian FCF Cow A Buy