Amazing to see the "gamble" these huge Asian O&G companies are taking assuming that Canada and the US will allow LNG plants to be built near sensitive waterways and LNG shipments risking accidents. Now if we want to see money buy power and influence, let's watch all of this develop. They must have some assurances that bribes, I mean money, spent the "right" ways can get things done even in the non-corrupt west. Hohoho, now we'll show PNG a thing or two. A couple of billion/T plus liquids fetches us a pretty nice price me thinks. And I really like this paragraph:
"Since Canada’s gas explorers are stuck in neutral, you might think that Asian energy firms would be making minimal offers, trying to acquire these resources on the cheap. Instead, Petronas offered C$22.45 a share for Progress, 77% more than Progress’ closing price the previous day. Are they trying to earn goodwill with Canadians? Perhaps, but there’s a more likely explanation for their generosity: pressure from behind. If they made a stink bid and Progress voiced displeasure, the dispute could draw attention from Petronas’ peers, which are also on the lookout for good natural gas deals. One of these peers might then swoop in and make a better offer, leaving Petronas empty-handed."
And it makes it interesting to think that someone posted on Yazoo tonight that "GB" is on his way to Singapore right now. "Mr pilot, please put this thing into hyper-space mode. I have bidness to tend to on the other side of the planet."
"Since Canada’s gas explorers are stuck in neutral, you might think that Asian energy firms would be making minimal offers, trying to acquire these resources on the cheap. Instead, Petronas offered C$22.45 a share for Progress, 77% more than Progress’ closing price the previous day. Are they trying to earn goodwill with Canadians? Perhaps, but there’s a more likely explanation for their generosity: pressure from behind. If they made a stink bid and Progress voiced displeasure, the dispute could draw attention from Petronas’ peers, which are also on the lookout for good natural gas deals. One of these peers might then swoop in and make a better offer, leaving Petronas empty-handed."
And it makes it interesting to think that someone posted on Yazoo tonight that "GB" is on his way to Singapore right now. "Mr pilot, please put this thing into hyper-space mode. I have bidness to tend to on the other side of the planet."