Three Stocks in Resources Sector that are worth looking at

Strong performance in LNG sales: Santos Limited (ASX: STO), an independent oil and gas producer with a portfolio of oil assets, pipeline gas and onshore and offshore LNG projects, recently released its fourth quarter 2016 activities report, which is quite robust. Production, sales and revenues for 2016 have topped their respective guidance estimates. In addition, the company has cut down on its production costs and reduced debts significantly on the balance sheets. STO reported that its annual sales volumes rose 31 per cent and above the upper end of guidance. There has been an increase of 7 per cent in annual production and towards the upper end of guidance. Strong performance in LNG sales witnessed a rise of 89 per cent leading to sales revenues of US$887 million for the year. Production costs in upstream units were cut down by 18 per cent compared to the previous year. Production cost of crude oil reduced to US$38 per barrel from US$47 per barrel earlier in the year.

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