this was posted on the SXY thread this morn but relates solely to Beach:
From Business Spectator. Also in the resources space, there is increased speculation about a Beach Energy takeover, as the shale gas company's long-standing chairman Robert Kennedy steps down.
Kennedy, who has been with the company for more than 20 years, will not stand for re-election to the board at Beach's annual general meeting in November.
The Australian Financial Review reports former Merrill Lynch energy guru Mario Traviati has been telling institutions a Beach buyout may be brewing. The $1.4 billion company does have some particularly promising shale gas assets in the Cooper Basin
BPT Price at posting:
$1.11 Sentiment: LT Buy Disclosure: Held
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