cooper, page-17

Speculator,
Certainly a large outsider will take out one of them.
BG already has a holding in DLS, however BG are seeking gas and DLS don't has as much as BPT & SXY.
BPT and Santos are possible candidates for a deal, given there network of JV tie ups and shared Permits.
With SXY, the top 20 shareholders own 61% of the current shares on issue, and the list of top 20 is full of investment bank, who only hold to look for a buy out as their exit strategy. So SXY is a prime candidate for a t/o from Arrow / Shell, IF they decide to building at Gladstone. However the recent cost overruns has Arrow / Shell nervous. So who else might want to take out SXY. Any thoughts ???