What particularly interests me is the the big players are actively looking to exit coal and petroleum to take advantage of the cyclical nature of commodities. I think this decade will be the decade of commodities so it stands to reason that BHP, Anglo etc will be looking for ground to add to their porfolios with the cash they get from asset sales. For CHK we are firmly wedged between the big players so any sniff of something will start a bidding war for our 'favours'
BHP chief Mike Henry says the billions generated by divesting coal and petroleum assets could be 'recycled' into acquisitions in oil, copper, nickel or potash.
BHP has revealed close to $US10 billion ($13.8 billion) worth of carbon intensive assets in four Australian states are not part of its long-term plans, as new chief Mike Henry continues his mission to reshape the company toward “future facing'' commodities like oil, copper and nickel.
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