RBC CAPITAL Markets has upgraded Santos from sector perform to outperform based on a rising oil price, the company’s recovering finances, the offer of a dividend by possibly August, and a suite of growth opportunities across its projects.
RBC upgrades Santos
The Harbour Energy rebuff of May is almost forgotten as RBC sees the "heat" from that $14.4 billion offer largely gone, with Santos now able to leverage its organic growth opportunities. ...
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