AOE
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0.00% $4.68 arrow energy limited

bid is very underpriced, page-9

  1. Ya
    5,477 Posts.
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    09/03/10
    10:29
    Post #: 6422861
    Here's an classic article frm the DowJones Newswire thread frm 13/8/9, when Shell were in talks with AOE.

    Notice that the 'Chinese interest' was mentioned in the article & AOE didn't quite know who that was.

    Well now we know that it was Petrochina !!!

    Because the other 2 Chinese majors, Sinopec were busy bidding for the Canadians (AddaxPetroleum for US$7.2b in June '09) & CNOOC were already in bed with BG in May.
    AOE Price at posting: $5.08 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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