12-10-2013, 07:58 AM
'mikesioc' pid='33733' datel Wrote:At these valuations Total and Oil Search must be discussing a buyout and IOC may be the "golden goose in the cage" alluded to in a previous post. The price that would get it done may depend on where Chandler and Paulsen are made whole plus a little bonus. Guessing the institutional shareholders that remain and any new longs would seriously consider a nice round number like $100 that is now being thrown around. It could get done rather quickly, with no one to put up much resistance they would essentially be negotiating with themselves and no one loses money. A Total led consortium could get the whole enchilada for the same top end price as 42.5% of PRL 15 that Total was already prepared to pay by themselves. All IMHO but just sayin'.
Those ferocious predators better pounce quick. "These valuations" won't be here long. Be gone by the end of the week? ;-)