too many rumours for it not to be true , page-34

Interesting discussion folks
My views for what they are worth
iCN and STX would be takeover targets for BPT but I would think they would most likely occur after a shale deal with BPT and a major , I don't think BPT will invest more now specially since they have more than enough resource
In terms of other TO candidates DLS has been wrapped up by BG both in terms of its 9.9% blocking stake but also because part of the farmout deal was that in event of takeover BG have the right to purchase DLS shale assets. So if DLS are going to be consumed BG will be the only party

sXY is a potential TO target but their Conventional business is fully priced And the don't have the conventional gas reserves Bpt has .

Coe doesnt have much to attract an LnG player and it's core assets is PEL92 which trades per barrel of oil a lot more than BPT reserves do. It's also mature and thus I can't imagine BPT paying a premium for it. It has a decent fee carry well in Tunisia but I can't imagine that to excite BPT

So as mentioned before By others BPT resource size in shale would solice anyone's supply problem but it also comes with the safety net that if the shale assets were not successful the core gas reserves of the conventional business would provide a safety net for the acquirer and ofcourse any gas asset is not only about resource but capex to develop - the existing delivery infrastructure becomes important - other than BPT only ORG and STO have significant infrastructure operational

Therefore BPT does seem like the most logical target size wise , strategically and value wise IMHO