"They SHOULD be looking to create competitive, international, tension for all the assets (sorry Black but selling Browse alone makes no commercial sense to me) in one bloc."
I am sure thy are Jt -but as profit eloquently stated their currency is under siege from someone and there has to be questions as to why that is the case?
If i may, selling the Browse lock stock and barrel and focusing on their biggest play makes a lot of sense to me...Oil gets to market a lot quicker we have assets far in excess of Browse value - Peru will give us another insight as to just how big very shortly.
As i hypothesized take 2 billion ad it to cash from JV's( no need to raise again - famous last words)
1 billion in cash will cover us for Brazil and Peru ...pay shareholders back 500 million and move to where cash, production and dividends are far greater and a lot closer.
As happydayz?? said regardless of Grace etc we are miles unders.. is it simply 'cyclical' or a more sinister rational?
KAR Price at posting:
$4.16 Sentiment: None Disclosure: Held
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