Due to PNG politics and partners there are only 3-4 possible "bidders" and they woudl most likley do a subdeal to other existing partners to get any buyout ove rteh line. I can't see a outright bidding war as I understand there is possiblya last bid option in the agreements and all partners have to be approved by others etc etc. Bringing an outsider who is a oil major in would IMO be hard. Bringing in a state owned fund as a shareholder is a possibility . STO should always get a premium for PNG and Alaska as it is operator and that has benefits a major would want.
Just thoughts- I don't think it is simple but as you say at current discount and out of reach of Australian rules it is a extremely important asset to STO holders and to any other bidder. Strategically Oila nd Gas with local asia clients , singapore, Korea Japan etc etc it is political and energy security and none of the users would want a china or middle east investor in there iMO.
Frankly USA and Aust should have some millitary facility in PNG to help ecconomy and ward off Chinese doing same for $. Pacific is ripe and being picked by China as they are desperate for $ . Massive resources PNG has onshore and offshore that Asia wants and with energyplants planned they can be processed and value added in PNG as well.
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Last
$7.81 |
Change
0.140(1.83%) |
Mkt cap ! $25.36B |
Open | High | Low | Value | Volume |
$7.80 | $7.82 | $7.76 | $53.77M | 6.831M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 43486 | $7.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.81 | 39967 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1128 | 7.760 |
3 | 3820 | 7.750 |
1 | 5000 | 7.710 |
1 | 200 | 7.670 |
1 | 1250 | 7.650 |
Price($) | Vol. | No. |
---|---|---|
7.820 | 9063 | 5 |
7.830 | 780 | 1 |
7.840 | 4015 | 3 |
7.850 | 22301 | 9 |
7.860 | 7315 | 4 |
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