What will ppp and its tui JV partners do with all there cash. I hope that ppp are on the prowl for near term or producing assets to complement tui. I was just wondering what peoples thoughts are as to whether ppp should go after other companys assets through direct takeover activity or through becoming a shareholder. Clearly there are benifits and detriments to each approach. Some oilers with production ramping up are looking very cheap im looking towards the Maari JV minors Cue and HZN. Both have a debt burdon particulary HZN while ppp is heavy with cash and declining production a match made in heven. Wonder if they are looking at farm in prospects. Just a bit more info on what is happening eventually would be good.
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