Jenal Dhar (ILF2022)
The Australian
With the share price of Santos trading off in the past year, could it be that the $23bn Australian energy group is now at an attractive price for a rival to launch a takeover?
Santos embarked on a $21bn merger with competitor Oil Search in 2021, and some think this now makes it too big to make it a buyout possibility.
Two logical candidates would be US-based Chevron or ConocoPhillips, both enjoying strong cash flow generation on the back of the elevated oil price.