'Relker' pid='36503' datel Wrote:[quote='mikesioc' pid='36502' dateline='1390493802'] LNG is presently worth nothing. This has been the case since December 6th and IOC is ripe for a takeover by just about anyone and posted as such. Total has done the math and realizes they can lead a group to take the whole company cheap. $100-$120 gets it done, I believe. Why the sudden change of sentiment is my biggest question?
The 30% stake in the LNG plant values USB 7.5 B according to my calculation.
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I appreciate your thoughts and hope your best case comes true if an offer is not made at a reasonable price. But the market presently values 30% at $0. Total and everyone else has to see an opportunity to own it all at something more than what Total may owe in cash for 61% of PRL 15 but far less than what it might be worth in 6 or 7 years. Whatever the result I am confident in a better result than where we are today.