There's still Ellison, the Americans, and Mitsui; not to mention the big oilers STO and WDS who may yet decide to own the whole basin.
Story just hit the 25% mark, still 75% of the corporate actions story left to play.
BPT's crash today is a cumulative effect of multiple material issues...
- Strike's asymmetric attack/defence by taking 20% blocking rights
- Waitsia Stage 2 heavily delayed stuck due to Clough ltd going into administration
- drop in Macro O&G stocks tied to international prices.
Basically in that order, those are the catalysts, motivations on the drop.
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Ann: STX: Strike increases ownership of Warrego to 19.9%, page-56
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