Is BPT a millstone around our neck?, page-3

Here are possible reasons for BPT SP
Expectation of a bid for DLS
Relative inflexibility in terms of capex as most tied into SACB and SWQ JVs
The fact their ST hedging is relatively weak

On a seperate note, ORGs capital raising presentation identifies sale of not Cooper basin operated assets as part of divestment strategy

The opportunities for DLS are endless with upside available both form corp action but similar upside available if they go it alone