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Stocks to watch

Stocks of interest at the close of trading on Monday, March 2.

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SBM - ST BARBARA - up seven cents, or 3.0 per cent, to $2.42

The goldminer upped its estimate of the reserve in its Simberi mine on Simberi Island in Papua New Guinea.

CTX - CALTEX AUSTRALIA - down 70 cents, or 2.1 per cent, to $32

The refinery and petrol station offer has declined a takeover offer from Britain's EG Group but wants to continue discussions about a sale.

Caltex Australia says the offer undervalues the company anddoes not represent compelling value for shareholders.

EG Group, or Euro Garages, in February offered $3.9 billion in cash for Caltex's convenience store business and separate shares in a new, listed infrastructure and refinery company made up of Caltex's remaining assets.

STO - SANTOS - up 20 cents, or 2.9 per cent, to $7.03

The oil producer says it will move forward on phase two of its Van Gogh subsea oil development off the coast of Western Australia, with drilling expected for early 2021 and first oil targeted for later that year.

CTD - CORPORATE TRAVEL MANAGEMENT - down 44 cents, or 3.2 per cent, to $13.50

VGI - VGI PARTNERS - flat at $11.50

Hedge fund VGI Partners has published another report making allegations of financial irregularities against Corporate Travel Management, which it also targeted in 2018.

CTM denied the claims and accused VGI of trying to take advantage of uncertainty caused by the Covid-19 coronavirus.