Business
Santos (ASX:STO) share price rated top buy in sector by Citigroup
Oil-exposed ASX stocks are on edge today but this is a good time to be buying the Santos Ltd (ASX: STO) share price.
That’s the view of Citigroup as it called the Santos share price its top pick in the sector.
Jitters about whether OPEC will extend production curbs weighed on oil prices overnight. This triggered early losses in the ASX energy sector which is flip flopping between gains and losses.
Santos share price recovers from early selling
The sector’s heavyweights seem to be faring better in after lunch trade though. The Oil Search Ltd (ASX: OSH) share price gained 0.5% to $3.69, the Woodside Petroleum Limited (ASX: WPL) share price climbed 0.8% to $22.37 and the Santos share price added 0.9% to $6.26.
There’s more room…
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