Bystander ,
That sounds reasonable way of taking advantage of inevitable consolidation . The Cooper is unique in having a lot of smaller players with good acreage .
I don't think Beach could raise the funds to buy Icon with cash . $250m-$400m would not be enough to do it in my opinion .
It would have to be a merger which enabled Icon shareholders to retain exposure to the Cooper .
The current market caps suggest something on a 94%/6% basis but I think anything up to an 80%/20% basis would be a smart move for Beach in the longer term .
Who knows what preemptive rights Chevron may have negotiated with Beach to guarantee participation in further deals though .
should BPT take out ICN now?, page-17
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$1.26 |
Change
0.005(0.40%) |
Mkt cap ! $2.863B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.26 | $1.24 | $9.789M | 7.813M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 170572 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 20915 | 1 |
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