invertaedva, I cannot see any reason why DLS offer would be 'reset' by anything Magnum Hunter does.
As for why the bidder statement is still in limbo. Well, I can only say read my last post again.
It would seem though that Magnum has a lot on its plate right now, with its SP down again today. Pretty significant drop from its highs.
It is interesting that Morgan Stanley is buying, but if you look at their average price, its around $0.35...
They are just churning the shares and slowly accumulating. Interesting to watch this play out. Still happy if DLS just say bugger it, all, we cannot be stuffed with such a deal. So many opportunities, and not just in the Cooper Basin (which I think all the major players know, BPT, SXY & DLS). The Cooper basin has provided each of them a moat of production and revenue, it would be unwise of them to not be looking elsewhere for the best 'rocks' wherever they may be (within Australia of course).
AQO Price at posting:
34.5¢ Sentiment: None Disclosure: Not Held
DLS Price at posting:
$1.51 Sentiment: Buy Disclosure: Held
