egolinews.com

Santos Limited (STO) shares climbed Thursday morning amid rumours Woodside Petroleum Limited (WPL) is set to make a takeover offer for the company. Media reports speculate that Woodside is considering a $15 billion bid for Santos with the primary aim being the access of its gas export interests. At 1045 AEDT, Santos shares were 51c higher to $14.88, while Woodside shares had dropped 26c to $47.16. While some analysts have dismissed the rumours as nothing more than market speculation, the rumours have reportedly been circulating for some weeks now.

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