市场见解

Could this drive the Santos (ASX:STO) share price in 2022?

Here’s what might be in store for oil prices in 2022.
The post Could this drive the Santos (ASX:STO) share price in 2022? appeared first on The Motley Fool Australia. –

The 桑托斯集团 (ASX: STO) share price is wobbling today despite booming oil prices and a strong broader market.

While the company’s stock doesn’t seem to be responding to oil prices today, a boost in the black liquid’s value will likely be good news for the oil and gas producer in the long term.

At the time of writing, the Santos share price has recovered from its afternoon dip to trade at $6.44, 0.63% higher than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is currently up 1.06% while the S&P/ASX 200 Energy Index (ASX: XEJ) has gained 1.27%.

Let’s take a closer look at what experts are predicting for the oil price in 2022 and what that could mean for the Santos share price in the future.

What’s going on with oil prices this week?

The ASX has returned from its Christmas break wherein oil prices surged to a new 30-day high.

Right now, according to CNBC, a barrel of West Texas Intermediate oil is going for US$75.94, while Brent crude oil is trading at US$79.02 per barrel.

That’s the highest they’ve been since the emergence of the Omicron COVID-19 variant sparked an oil price crash in late November.

And, according to reporting by Reuters, the variant is also to blame for oil’s recent resurgence. Global markets are seemingly increasingly confident Omicron won’t spark another wave of global lockdowns.

That’s good news for oil, and what’s good news for oil, is generally also good news for the Santos share price.

What experts are predicting for oil prices in 2022

Many brokers are bullish for oil prices in 2022. Though, one prestigious entity isn’t so certain.

According to Fortune, both Goldman Sachs and Barclays are predicting oil prices will gain in 2022, particularly, if COVID-19 outbreaks are minimised.

Additionally, Reuters reports JP Morgan believes oil prices could go higher than US$125 per barrel in the new year, driven by production shortfalls.

However, the US Energy Information Administration disagrees. It expects Brent crude oil to average around US$70 a barrel in 2022.

What that means for the Santos share price

As oil is one of Santos’ major products, its income tends to rise and fall in line with oil prices. Of course, its incomes generally drive its stock on the ASX.

While share price movements cannot be directly correlated to rising (or falling) oil prices, changes in the commodity’s value could draw attention to Santos’ stock in 2022.

That is likely particularly true as its merger with Oil Search has now been finalised, leaving it with even more oil assets.

Today, the ASX 200 energy sector is being led by Santos’ peer, Beach Energy Ltd (ASX: BPT), closely followed by petroleum retailer, Ampol Ltd (ASX:ALD). The companies’ share prices have gained 3.48% and 2.46% respectively.

The post Could this drive the Santos (ASX:STO) share price in 2022? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Santos right now?

Before you consider Santos, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Santos wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Top brokers name 3 ASX shares to buy

5 things to watch on the ASX 200 on Friday

Is the Santos (ASX:STO) share price good value after the Oil Search merger?

5 things to watch on the ASX 200 on Thursday

These 3 ASX 200 shares are topping the volume charts on Wednesday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!