Is the Santos share price too cheap to ignore?
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The S&P/ASX 200 Index (ASX: XJO) energy share Santos Ltd (ASX: STO) has certainly seen plenty of volatility over the last few years, including takeover approaches.
Volatility is part of what we should expect with energy businesses – resource prices can change quite dramatically in a short amount of time as supply and demand dynamics adjust.
When that happens, sell-offs can be opportunistic times to invest, while high prices can be helpful for shareholders deciding to take profit off the table.
Is the Santos share price attractive?
Broker UBS certainly thinks so. Analysts from that investment institution have put a buy rating on the ASX energy share.
A price target is where analysts think the share price…
