Origin deny it will be a 'firesale', page-11

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04/10/15

16:34

Post #: 16111937
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Originally posted by barneyw ↑

Hi All

With all these assets up for sale it's going to be like kids in the candy store and this in turn will create a level of complexity and confusion for the players especially those who have takeover / merger on their minds.

So who is going to buy all these assets and still have the financial firepower to do all this M&A in the Cooper Basin or vice versa? Some of the bigger players are the ones under the most stress ATM by my reading.

It will be a case of eyes bigger than their stomachs which is something we don't really want. Agree that DLS could increase their debt position and buy some good fits but how does that square with everyone's bent on seeing DLS being taken over or merged with an inferior BPT? We can't be talking about merger on one hand and then on the other talk about increasing debt. This appears to be a non-sequitur position.

It will be interesting to see the financial creativity and testing of risk tolerance that will take place over the coming days / weeks / months.

Cheers
BW
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There are known knowns. These are things we know that we know.
There are known unknowns. That is to say, there are things that we
know we don't know. But there are also unknown unknowns. There
are things we don't know we don't know.

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Barney
This is why a jv between BPT and DLS to acquire the assets ( some or all ) may happen and may he encouraged by Stokes . This why any merger or TO would still work
Expect corp activity to be mainly script

DLS Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Origin deny it will be a 'firesale', page-11

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