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Mark Di Stefano

Santos CEO Kevin Gallagher’s $1 million mistake

The Santos managing director pulled the trigger on $5 million in share sales the day before Iran was bombed.

War! (Huh.) What is it good for? Santos, obviously.

As the rest of the ASX gets pummelled like a Tehrani bunker, panicked investors have been fleeing into the arms of Kevin Gallagher and his South Australian oil and gas giant. Santos shares have surged 14 per cent as the price of oil catapulted into three figures. Rival Woodside has jumped a tidy 7 per cent.

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