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Hey guys just wondering, because the metric for CSG takeovers...

  1. Aussie_Boy
    1,268 Posts.
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    08/09/11
    11:58
    Post #: 8932798
    Hey guys just wondering, because the metric for CSG takeovers varies greatly, surely the suitor considers the GIP?

    ESG 17 tcf http://www.easternstar.com.au/pdf/broker/ESG_180209.pdf

    BOW 13.8 tcf http://www.bowenergy.com.au/company.html

    Based on these figures, using ESG's offer of $924m as a constant, BOW could expect $740m or $2.11ps. But then you have the proximity of BOW to Gladdy, presumably less water disposal issues, QLD governance - They should be expecting a premium?

    Be interested to hear thoughts or other methods of comparing the two.
    BOW Price at posting: $1.54 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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