Noone outside Australia ever pays any attention to Morningstar....

Noone outside Australia ever pays any attention to Morningstar. Some overseas fundies who do business in Australia think it quite amusing how much sway Morningstar has in the Australian market, they think the market quite juvenile the way it follows Morningstar as a Messiah of value.

Synergies between BG & RDS r there obviously and a control premium needs to be paid but they paid at least 15% too much for it, I often used to criticise lowball offers so I would not advocate a lowball offer but I think 20-30% of BG's last traded be4 bid of 900p so say 1170p would have been a reasonable TO bid price.

Anything beyond 1170p is IMHO a bit toppy as a first TO bid: we will see: XOM, CVX and BP might have a go. UK Takeover Panel Rules r quite onerous for hostile bids and the RDS offer is a good one, so it is difficult to see another bid clinching a TO IMHO but pls DYOR.

Interesting what it means for ORG, STO and SXY 2day: market might (but should not) get spooked by the intraday speculators playing the POO up and down. I still think that ORG, SXY and perhaps STO r specials in terms of oil and gas globally due to their current under-valued SPs.