I know that the two companies have talked before about potential joint ventures, so it would not suprise me at all, UIl has stated that they are looking at the ego assets , i believe they took a very good look at them when Min RES beat them to the punch a couple of years ago.
Ongoing director buying gives confidence, there can not be too much free stock around, wouldnt take much for it to get back to double figures.
Do not discount the fact that they could do something on the east coast as well, word is that they did tender for the block in which Senex picked up a couple of months ago.
UIL Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
