I've posted on this subject twice before.
http://hotcopper.com.au/threads/ann...2598748/page-65?post_id=16049729#.Vh4SLZWhfIV
My theory is that a ~20 to 30% gap that has been running between the BPT and DLS share price for the best part of 3 years has been closed under the cover of the recent oil price rout and it will be given back to DLS shareholders in a script bid for DLS by BPT. What is more I've already put a time frame on when the TO will happen. Three months from when the gap was closed first closed in early September. The 3rd of September 2015 to be precise. So for a bit of fun I'll throw my expected dates out there for the TO.
First week in December between 1/12 and 4/12. Share prices of each company at the time of the TO in December, DLS 90cents, BPT 85cents. Beach's offer will value each DLS shares at $1.19 (the price Brad Lingo sold his shares in DLS for). Oil price on the day of the offer WTI US$62 Brent US$64.50 (with the WTI Brent spread sitting at US$2.50).
You don't get more confident than this. Please don't take this seriously, but I'm banking on it.
Don't worry if I'm right I'll be digging this post out. If I'm wrong I hope no one remembers it.
Eshmun
