yeah + $166m in cash as well = $466m. Nice war chest.
I checked their free cashflow last week and its about $50m a quarter at the moment as well.
From what I hear they consider their US assets their best = 10% holding of some Sugarloaf acerage which is planning 65 wells in 2012.
They could afford to lob in a bid for TXN but pg 19 of their presentation 1/5/12 = their growth strategies. Doesn't seem to fit quite right.
Hmmm ... definately a contender but when you've got companies like Swift, Murphy, Anadarko, Petrohawk etc etc on the doorstep I think I'll put them in the same bucket as AUT and EOG.
Possible but not a favorite?!?!
TXN Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
