counter bid , page-8

Another post from the Motley Fool board
by CaptainBlade.....
(I'm not sure if it has been posted here already)

Yesterday's Daily Fascist had a decent size piece headed

'Tullow could face a fight for Hardman'

'Oil explorer HDR could attract a rival Canadian bid after London based Tullow launched an £583m offer this week.

British rival Dana was preparing a takeover offer for the Australian group but withdrew from the running after it was out-gunned by Tullow.

Banking sources believe a North American independent such as EnCana or Nexen could yet launch into the fray. 'They have a lot of cash and are very aggressive' said one. What is more, Canadian regulations make overseas acquisitions tax effective adding to the incentive to the move.'

Wishful thinking maybe, but a bit of a bid war would go down well at CB Towers.