Yaq,
You said,
I hope that Santos doesn't takeover ESG. At $6.00/GJ, there is far more money to be made staying independent and selling into QLD that selling out to QLD!
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There is another way of looking at this. STO said gas is worth $6/GJ so any non-STO offer needs to reflect that reality. So, is STO realising they can not/will not bid but are ramping ESG so their 20% is worth multiples? Say a $3 bid makes a $500m to $1.5 Billion in cash pretty attractive "investment" for STO shareholders?
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