DLS 0.00% 69.0¢ drillsearch energy limited

DLS and BPT locked together in price, page-7

  1. 6,872 Posts.
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    SXY came back at the end so did BPT - my theory is speculators betting on a poo rise overnight and not wanting to be left not holding and or shorters laying off towards the end of trade thinking the poo will do the damage for them overnight so no need to use firepower till you need to (ie. dumping shares to lower the sp).

    It alarming to see how much is up for sale in the O&G sector - I was reading about $200 billion worth globally looking for a buyer. The aussie landscape is no different with ORG & STO looking to offload - I still think a 3 way tie up between BPT, DLS & SXY makes the most strategic sense and would allow them to pick over the best of ORG & STO assets in the CB then feed both ORG's and STO's LNG plants & clean up on the East Coast with spot pricing.
    Last edited by Pbnewby: 14/10/15
 
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