Art, I basically agree, except that the lower interest in Papua LNG would come along with some interest in the future of PNG LNG also. Of course, with Exxon we could participate in both to a limited extent, and with US securities and a dividend. Also, with Exxon owning IOC, I would bet on PNG LNG getting expanded more and much more quickly. Exxon might become more of a growth stock than it is now - ho ho!
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Can we infer a counterbid?
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