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69.0¢ drillsearch energy limited

If STO and BPT sell the infrastructure , expect BPT to bid for...

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15,774 Posts.

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23/09/15

18:53

Post #: 16046399
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Originally posted by Pbnewby ↑

If they did merge it would make a lot of sense with so much in common in what they do especially in the CB & they'd cut costs per barrel so I have no idea which would be the better buy - depends on who has the greater say in the matter I guess.
If DLS push forward with a merger then they would need to give towards BPT and visa versa - be good if 7 increased it stake in both and forced the merger on a 30 average or something - Perhaps they could create a whole new vehicle and BPT & DLS come under the umbrella - they could still gobble up some of what STO is selling as well. Copper Oil Company - COC?

I hadn't updated my sentiment from last year - I'm a buy for DLS and bought some more today as well - 48c

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If STO and BPT sell the infrastructure , expect BPT to bid for DLS soon after .

U.S. Futures have give from minus 130 to plus 50 and oil from -60 cents to plus 30c

DLS Price at posting: 48.5¢ Sentiment: Buy Disclosure: Held
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