2215 GMT - The briefing by Santos's management will be an important feature of its Feb. 18 result, says Macquarie. That's because it's the first chance for Santos to lay out strategic plans following the failed takeover campaign by the XRG-led consortium. "Santos's growth is now de-risking rapidly," says Macquarie. Santos's Barossa natural-gas project is online and it will soon produce oil at its Pikka Phase 1 project in Alaska. What's next? "Papua and Moomba Central both add value," Macquarie says. It expects the Beetaloo basin is becoming a strategic priority as this can fill a second processing unit at the GLNG export plant. "We would like to see more active trading of certain assets where they are more highly valued by others (eg. Beach/SGH)," Macquarie adds. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 04, 2026 17:15 ET (22:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.