Now that Obama has banned Offshore drilling for at least the next few months and we are seeing majors (such as Shell) spend billions on Shale gas acerage, perhaps the perfect storm is brewing for ADI (and all JVP's) to put the For Sale sign up?
The AWE takeover offer and the pending Target Statement will raise awareness amongst others.
Now perhaps its premature and we would like to get alot more drilling done, but I sense that there is alot of money around from some of the majors and a desperation to get into quality shale acerage onshore so perhaps they will pay a premium???
Just my thoughts for Sunday morning but maybe a knockout bid from a major to gazump AWE $1+ ??
ADI Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held