07-29-2012, 08:59 AM
Bam,
While I agree $22bil for E/A is high I think your estimates are too low. I don't foresee a supermajor paying more for E/A than Pacific Rubiales paid for Triceratops so I'm expecting in the $2 range. One thing to consider about Cove is that Shell wasn't going to be the majority owner whereas in E/A they easily could be which could easily increase the price.
While I agree $22bil for E/A is high I think your estimates are too low. I don't foresee a supermajor paying more for E/A than Pacific Rubiales paid for Triceratops so I'm expecting in the $2 range. One thing to consider about Cove is that Shell wasn't going to be the majority owner whereas in E/A they easily could be which could easily increase the price.