{"id":60731,"date":"2012-10-16T10:59:01","date_gmt":"2012-10-15T23:59:01","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/10\/16\/santos-gassing-up\/"},"modified":"2012-10-16T10:59:01","modified_gmt":"2012-10-15T23:59:01","slug":"santos-gassing-up","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/10\/16\/santos-gassing-up\/","title":{"rendered":"Santos Gassing Up"},"content":{"rendered":"<p>\n\tBy Michael&nbsp;Gable&nbsp;<\/p>\n<p style=\"background-color: #ffffff\">\n\t[Note: the following is an excerpt only. For the full report see details below. Ed.]<\/p>\n<p align=\"left\">\n\t<font size=\"2\">The overall market had another flat week on low volumes. Its hard to find many long term buys at the big end of town, but we can continue to look for trading opportunities in the meantime. The key of course is to get in and not stick around because a market correction may drag a lot of stocks down with it. This week I like the look of Forge Group ((<span class=\"scayt-misspell\">FGE<\/span>)) and Santos ((<span class=\"scayt-misspell\">STO<\/span>)). Gold and Silver also seem capable of trading to all time highs over coming months so short term weakness in those commodities will present a good buying opportunity. <\/font><\/p>\n<p align=\"left\">\n\t<u><font size=\"2\">Santos<\/font><\/u><\/p>\n<p align=\"left\">\n\t&nbsp;<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/0sto.jpg\" style=\"width: 620px;height: 544px\" \/><\/p>\n<p align=\"left\">\n\tAfter taking a month to rally off its recent lows, the stock has now been consolidating now for almost 2 months. Consensus target on the stock is at $15.90. [See: <a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_companyoverview&amp;searchSymbol=STO&amp;CFID=28565268&amp;CFTOKEN=1adecb63ece7eaea-D0F1E5B4-E5C8-414D-F071947A4D4656BD\"><span class=\"scayt-misspell\">FNArena<\/span> Stock Analysis<\/a>]. Most feel that LNG and oil are the pick of the resources sector at the moment with Australia having more than $175 billion of LNG projects being built. Given the way it is trading here, a breakout of this consolidation zone can see the stock quickly move up to $12.50, with a break of that level see prices as high as $13.50. Traders don&rsquo;t want to see the stock close under the $11 level.<br \/>\n\t&nbsp;<\/p>\n<p>\n\t<em>Content included in this article is not by association necessarily the view of <span class=\"scayt-misspell\">FNArena<\/span> (see our <a href=\"http:\/\/www.fnarena.com\/index2.cfm?type=dsp_webht\">disclaimer<\/a>).<\/em><br \/>\n\t&nbsp;<br \/>\n\t<em>Visit Michael&nbsp;Gable&#039;s website at&nbsp;<span>&nbsp;<\/span><a href=\"http:\/\/www.michaelgable.com.au\">www.michaelgable.com.au\/<\/a><a href=\"http:\/\/www.michaelgable.com.au\/\">.<\/a><\/em><\/p>\n<p>\n\t<em>After leaving Macquarie Bank&#039;s Securities Group in 2008 after many years of service, Michael has gained a highly regarded reputation in the financial services industry. As a Private Client Adviser with <span class=\"scayt-misspell\">Novus<\/span> Capital, Michael has become a popular live commentator and analyst for Sky News Business Channel&rsquo;s &ldquo;Your Money, Your Call&rdquo; program. He is also the author of the weekly stock market report &ldquo;The Dynamic Investor&rdquo;.<\/p>\n<p>\tMichael assists investors to achieve their goals by providing advice ranging from short term trading to longer term portfolio management.<\/p>\n<p>\tMichael deals in all <span class=\"scayt-misspell\">ASX<\/span> listed securities and <span class=\"scayt-misspell\">specialises<\/span> in covered call writing to help long term investors protect their share portfolios and generate additional income.<\/p>\n<p>\tMichael is <span class=\"scayt-misspell\">RG146<\/span> Accredited and holds the following formal qualifications:<\/em><\/p>\n<p>\n\t<em>&bull; Bachelor of Engineering, <span class=\"scayt-misspell\">Hons<\/span>. (University of Sydney)&nbsp;<br \/>\n\t&bull; Bachelor of Commerce (University of Sydney)&nbsp;<br \/>\n\t&bull; Diploma of Mortgage Lending (<span class=\"scayt-misspell\">Finsia<\/span>)&nbsp;<br \/>\n\t&bull; Diploma of Financial Services [Financial Planning] (<span class=\"scayt-misspell\">Finsia<\/span>)&nbsp;<br \/>\n\t&bull; Completion of <span class=\"scayt-misspell\">ASX<\/span> Accredited Derivatives Adviser Levels 1 &amp; 2<\/em><\/p>\n<p style=\"text-align: center\">\n\t<em><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/0_Novus image.jpg\" style=\"width: 190px;height: 85px\" \/><\/em><\/p>\n<p>\n\t<strong><em>Disclaimer<\/em><\/strong><\/p>\n<p>\n\t<em>Michael Gable is an <span class=\"scayt-misspell\">Authorised<\/span> Representative (Rep. No. 376892) of <span class=\"scayt-misspell\">Novus<\/span> Capital Limited <span class=\"scayt-misspell\">AFSL<\/span> 238168 <span class=\"scayt-misspell\">ACN<\/span> 006 711 995. Michael Gable and <span class=\"scayt-misspell\">Novus<\/span> Capital Limited, their associates and respective Directors and staff each declare that they, from time to time, may hold interests in securities and\/or earn brokerage, fees, interest, or other benefits from products and services mentioned in this website. This website may contain unsolicited general information, without regard to any investor&#039;s individual objectives, financial situation or needs. It is not specific advice for any particular investor. Before making any decision about the information provided, you must consider the appropriateness of the information in this website or the Product Disclosure Statement (<span class=\"scayt-misspell\">PDS<\/span>) or Financial Services Guide (<span class=\"scayt-misspell\">FSG<\/span>), having regard to your objectives, financial situation and needs and consult your adviser. Any indicative information and assumptions used here are <span class=\"scayt-misspell\">summarised<\/span> and also may change without notice to you, particularly if based on past performance. Michael Gable and <span class=\"scayt-misspell\">Novus<\/span> Capital Limited believes that any information or advice (including any securities recommendation) contained in this website is accurate when issued but does not warrant its accuracy or reliability. Michael Gable and <span class=\"scayt-misspell\">Novus<\/span> Capital Limited are not obliged to update you if the information or its advice changes. Michael Gable and <span class=\"scayt-misspell\">Novus<\/span> Capital Limited and each of their respective officers, agents and employees exclude to the full extent permitted by law, all liability of any kind, in negligence, contract, under fiduciary duties or otherwise, for any loss or damage, whether direct, indirect, consequential or otherwise, whether foreseeable or not, to the extent arising from or in connection with this website.<\/em><\/p>\n<p>\n\t<em>Find out why <span class=\"scayt-misspell\">FNArena<\/span> subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Gable of Novus Capital sees Santos as offering potential upside in an otherwise tired looking market.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[24],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60731"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=60731"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60731\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}