Ann: Pure Recommends BG Group Takeover Offer , page-48

re: Ann: PES: Pure Recommends BG Group Takeov... Jsjessy,

"If the market thinks this is over PES would not be trading at $8.4."

Spot on.

Also it's not just the quantity of gas, but it's looking like being some of the cheapest gas to develop and transport to Gladstone. That $/PJ capex advantage has a NPV/PJ worth.

That imho is what this game is about. All the main players can develop up oodles of gas, but is it the cheapest?

EL