Acquisition opportunity on existing projects with the surplus cash perhaps?
FAR have an arbitration active on the SNE asset that could delay FID there and they also have a nice % of the Gambia block next door. WPL could make the FID delaying arbitration go away and boost SNE % and also get a nice % of the Gambia asset by becoming a major holder of FAR or doing a full takeover.
For transparency - I hold both.......
WPL Price at posting:
$38.55 Sentiment: Hold Disclosure: Held