AGL decides to secure a strategic position in a vertically integrated future supply chain by taking out what Magnum Hunter doesn't have (AQO). Why did Origin partner with SXY? Yes, similar thinking.
Magnum Hunter takes out the rest of AQO before it becomes expensive. Kleo can then concentrate on his US oil play - Patriot Oil and Gas.
Lots of other potential corporate plays. The last thing I am waiting for is the drill bit to start work in PEL570.
Nevertheless, my investment in AQO has already been much longer than I ever anticipated.
AQO Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
