0104 GMT - Santos Chair Keith Spence will seek to calm shareholder nerves at the Australian energy company's annual general meeting, following a 15% drop its in stock price this month. In prepared remarks, Spence says he believes Santos's stock is undervalued, and has been for some time, but that the company is strong and resilient and he is optimistic about its future. Still, "the last week has added a new layer of complexity," he says. "The global trading system that was based on building open, competitive markets over many decades following World War Two" has been upended. Santos is up 4.8% at A$5.595 amid a broadbased rally in global stocks after President Trump decided to pause steep tariffs on nearly 100 nations. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 09, 2025 21:04 ET (01:04 GMT)
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