'streamingeagle88' pid='33778' datel Wrote:.... would start a bidding war. It is precisely that, how to start a bidding war, that is foremost on Chandler's mind at this time. Embarrassing to be part of a "super major" deal that leaves your money tied up and way underwater for a long and indefinite period of time. Safe to say that he is infuriated..... and about to be courted.
How do you court someone prior to a bidding war? Basically all Chandler can say to any bid, high or low, is I accept your offer . . . unless someone bids more. Given that the fear of a bidding war is possibly scaring off all bidders, I wish it was possible for one bidder to make a reasonably fair offer and have that accepted. I would love a Cove Energy redux, JFT, but given the events of Friday, I don't see that kind of upside happening.