good thoughts, thanks. On reading the KPL qtrly today, i picked up their comments on the Talisman takeover and how companies would be well-placed to pick up that 25% and operatorship. So another scenario could be KPL, with PIE cash, could end up 50% and operator, and work closely with their old buddies CMT to get the thing going...
i like your OSH idea better though. At least there is enough gas in a Gulf LNG hub. The distance to Pasca and Flinders is well noted.
I felt very positive about both KPL and CMT today. I could see KPL taking out CMT, but i'd prefer other transactions that see CMT stay in the action and re rated accordingly. Can't beat the capital structure!
BDM Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
