the perfect time for shell, page-18

Dont know who is selling but there was strong support at 12.5/13 that broke under what seemed like a real seller.
If the same guy, they were relentless breaking the 10.5 - whatever bid was put up they sold into it almost immediately. What changed at that level were the number of crossings and especially those 12m done at 4.10pm and another 10m at 4.40pm (Thurs/Fri)so the impression I have is that this is some early YE tax selling/ repositioning in which case we may not see notices + the selling last week is probably not yet 5% of the company but it is unusually high based on recent activity.
I could not imagine anyone wanting to short NXS at this price, the risk has to be to the upside and covering your position would be difficult if volume normalises.
LDM is highly regarded, he is a good appointment but I cringe when smaller companies take on execs from large/ multinationals with great fanfare because often those execs have tremendous industry knowledge but often not the skill set to deal with lower level issues. So LDM goes from dealing with macro NWS issues (delegating to a whole range of underlings)to finding and dealing with equipment brokers in an industrial estate to sell long lead items /spare parts??? easier said than done, they have a whole set of different priorities and experience but everyone tells me he will achieve what he sets out to do. Ihave complete faith that he can deliver - DV appointment for the same reasons has me perplexed.
Santos HOA would have been prepared by lawyers hence the nonsense, the lawyers (internal & external) both sides would have drawn it out to keep the $ clock ticking, the conditions possibly a late inclusion "to protect NXS" which would entail a whole review of the document - Board appreciative that the lawyers are looking after them / Lawyers increase fee, subsequently LDM dismisses the need for the conditions.
Either he possibly didnt even write the responses yesterday with the Board wanting legal input or if they were his words then his major corporate personality has shown through, at least we have something and there has been a recognition by NXS that they have to offer more.
AND the more I read it, the more I think that he is cleverly putting the sword to Crux want to be purchasers by saying we want to deal but we have no pressure and we have other funding options??? - later statement re 1st qtr FY2014!!!! may be significant.
SP IMHO will not recover until sellers stop.
No takeover IMHO because no corporate will want the hassle of dealing with legacy issues namely Transocean.
I agree LT is the way to go, debt free, $100m spend on LT, money in the bank to fund 1 well at Mashmaker ES as the "company maker".
Something to ponder, (raised it before) debt free, cash in the bank, offer to buy Santos out of Patricia Baleen facilities and control their own destiny, in Santos books for around $50m and is it a core asset???, I think STO would sell it.