I am tired of seeing market reports how Shells offer is 40% higher to AOE share price. Aoe's share price was sitting up around $4.50 in Jan 2010, so where is the value in what Shell is offering. I tend to get the feeling they think we should be grateful of such a generous offer. With all these silly market so-called "experts" telling how there is a gas glut which is why CSG shares are struggling. If there is such a thing why are all these Majors spending BILLIONS of dollars developing it? If AOE goes for anything lower than $8.00 it will be theft plain and simple.
Shell will simply buy AOE take the bits it wants and sell the rest, especialy the power generation as it has no need for it. AGK will probably snap it up for a bargain and in return sell its tennements to Shell. A win win for everyone exept AOE holders and all we will be left with is AOEI, which according to the "experts" is worth a whopping .50c.
Do any of you folks out there share my sentiments?
Cheers
Oman
AOE Price at posting:
$5.29 Sentiment: Hold Disclosure: Held