Attached is the weekly chart of Santos. A number of key changes seem to be in the pipeline.

First, Santos is currently protected from a potential takeover with a 15% cap on any one shareholder. This situation is under review in the South Australian Government. If this cap is removed, we could see some interesting activity with this company.

Secondly, Santos has recently appointed a new managing director, John Ellice-Flint who is currently overseeing other growth options for the company rather than it relying solely on the Cooper Basin.

Refer also previous Sector Analysis posting. The chart shows the trend is up.