Lattice Energy, page-46

The pullout from the Lattice assets is good as I believe it was too bit a bite to take.
IMO if BPT buys the Lattice assets it will become a behemoth albeit with debt, but still a large entity, which Senex should be wary of.
BPT also have a controlling stake in COE , so Senex should consider a merger with another player. AWE have good free cashflow but SXY lacks experience in the West.
So who is left in the Cooper. STX but they are still too high risk, but I wouldn't discount a potential tie up, given STX need capex to progress their very large deep CSG play, from which SXY also have 35% of the neighbouring permit, AND more importantly could benefit from any IP / technical s for Senex have plenty of acreage that deep CSG could benefit from, provided STX can solve their technical problems and get free flowing gas on a continual basis.
Sure Senex have their hands full developing SWGP = circa $300m in drilling capex next 5 years BUT, that is rinse and repeat stuff. They need to get on the NEW frontier stuff and the deep CSG stuff ticks that box and Senex have so so much acreage that could be applied to.
Anywhoooo's who else is left for SXY to do a tie up / JV and or TO with , in their sector ???
I just feel presuming BPT gets the Lattice assets, its time for SXY to beef up !!! ..... or they will be squeezed to death by the larger BPT with Stokes using ... death by strangulation as a common corporate strategy to make acquisitions.