12-26-2012, 10:02 PM
Pretty decent article by resourcecarb. Just a couple key points missed.
1) Gov't option of up to 27.5% is nothing new, it was offered at least 3 yrs. ago. and is clearly no power-play by PNG.
2) Outright friendly take-over of IOC in fair-market valuations of $3/Mcf +- is a very real option. RDS or TOT or CVX or XOM stock with your cash anyone?
1) Gov't option of up to 27.5% is nothing new, it was offered at least 3 yrs. ago. and is clearly no power-play by PNG.
2) Outright friendly take-over of IOC in fair-market valuations of $3/Mcf +- is a very real option. RDS or TOT or CVX or XOM stock with your cash anyone?