another bid coming?

I watched Market Moves on Sky Business tonight and Michael Carmody? from CMC Capital stockbroking mentioned esg.



He said the sp moved up today due to the fact investors had a clearer picture of what it was worth in the wake of the sto offer.



He also said he believes Santos is trying to pick up ESG far too cheaply and there may be other companies running their rulers over esg.



He thinks esg may trade to a premium to the 90 cent offer and more people think another offer may be coming.



Got the impression he thought Santos was trying to be far too clever and may get gazumped.



I got out of esg almost a year ago when it was in the high 80s, but my father has plenty, so I hope another offer is in the wings.



Good luck,



T