Guys
If ORG was planning acquisitions it wouldn't be telling the market about them.
It is possible to deal with debt, cut costs and reduce assets. Let's not forget there is a strategic piece here as well. Look at the glng deal with SXY which involved a cash payment and gas purchase agreement.
I think have the bigger oil companies with stronger balance sheets is a plus. Furthermore in this divestment process, DLS will have the opportunity to pick up productive assets cheaply but also acreage very cheaply .
I truly believe as I mentioned before DLS has the opportunity to replicate NST in the gold space , that is pick up good assets from the majors cheaply due to their over leverage
DLS Price at posting:
47.7¢ Sentiment: Buy Disclosure: Held