Wanga it's is HZN who farmed into Bohai, so we can assume ROC has nothing to gain from pursuing HZN in this regard and more to lose. As for huge expiration for Beibu - were to you get that from . A development is planned but one can define that as incremental maari currently produces 1000 bopd to HZn and the development drilling is successful will double that but the margins aren't that special
If we look at HZN' assets the most valuable both economically and strategically are the gas assets . Hzn was trading at 33.5 before the tO leak - yet HZN shareholders are now expecting 60 cents plus . I really think the change of control price will be in the 40s and may finish on the low 50s . I can't recall any takeover in the oil and has sector we the TO premium is 90% of the monthly VWAP.
I personally am praying Roc is not interested in HZN in its entirety . One thing that has not being speculated ( since that is what we are all doing ) is ROC launches a TO and on sells the gas assets - less likely but possible
ROC Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
