This offer is a sign that Shell believes that the market, and CSG in particular, is going to change dramatically upward in the near future. They are obviously going to try and get a bargain now as in 12 - 24 months time AOE may well be trading around $6.50+++. Wilson HTM have a standing current valuaton of $6.80. I think $8.00 all cash offer would be fair, but would like to see AOE do what Origin did to BG and reject Shell's offer. Why should an Aussie Company sell out at the first chance, to a massive foreigner, when there is so much more to be gained????
AOE Price at posting:
$3.48 Sentiment: LT Buy Disclosure: Held
