The unloved business that Tribeca believes has 250% upside.
“Tribeca noted that Santos’ equity is mispriced by the market. As Asia’s largest oil & gas producer, they believe that Santos’ base business is undervalued by at least 50% versus its current equity value. In addition, there is a significant decarbonisation story at play with the company expected to be carbon negative by 2030 through a combination of Carbon Capture & Storage and Blue Hydrogen projects.”
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