10-18-2014, 03:00 AM
'jdeo1969' pid='50990' datel Wrote:Perhaps my reasoning and line of thinking is off here, and someone please correct me if I am wrong, but why wouldn't you want a buyout at 80? here is why: Those that want 80 take and it move on. Those that do not then buy equivalent Woodside shares as Woodside would have added the same upside that IOC had. You just own the same resource now under a different company. Is that line of thinking off base?
It wouldn't be the same. Woodside is a larger company so you have to increase the old Woodside in addition to the purchased Interoil portion. If Exxon purchased Interoil how much would 20TCF of upside provide for Exxon. Not as much as it would if Interoil was operating on its own.