The Motley Fool

Will Santos Ltd (ASX:STO) shares tank if Narrabri coal seam gas project is axed?

Macquarie has voiced its concerns Santos Ltd (ASX: STO) shares could face heavy falls if its Narrabri coal seam gas project doesn’t proceed, according to The Australian.

According to Macquarie, the Narrabri project accounts for about 27c of the Santos share price – potentially leading to about a 4% drop in price if it disappears.

Shares in Santos have been on a steady incline in the last 12 months, up 118% from its share price of $2.91 at this time last year.

But according to The Australian, billionaire Andrew Forrest’s LNG scheme could see Santos shelve Narrabri, despite promises by the company its production would beat the price of imported gas.

Santos has come up against environmentalists and regulatory issues so far in its attempts to bring the long-delayed project to reality and investors with skin in the game no doubt feel nervous about what will eventuate.

Energy stocks have surged higher across the board today with Beach Energy Ltd (ASX: BPT) up 1.4% to $1.94 at the time of writing, BHP Billiton Limited (ASX: BHP) also up 1.2% to $34.29, Oil Search Limited (ASX: OSH) climbing 0.9% to $9.17.

7 of 8 People Are Clueless About This Trillion-Dollar Market

One of our investors has recently returned from a research trip to Silicon Valley... and has a warning for fellow investors:

Because he works for an organization dedicated to spreading great investing ideas, his video report is free today... so you can see it and decide for yourself.

Don't miss your chance click here to learn about this warning and how you might be able to profit!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

One ASX Stock For An Estimated $US22 Billion Marijuana Market

A little-known ASX company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

And make no mistake – it is coming. To the tune of an estimated $US22 billion.

Cannabis legalisation is sweeping over North America, and full legalisation arrived in Canada in October 2018.

Here’s the best part: we think there’s one ASX stock that’s uniquely positioned to profit immensely from this explosive new industry… taking savvy investors along for what could be one heck of a ride.

AND, this is the first time The Motley Fool Australia has EVER put a BUY recommendation on a marijuana stock.

Simply click below to learn more on how you can profit from the coming cannabis boom.

Click here to find out more