STO want to buy ESG saying it is for domestic use only
once they steal it they can then announce to the market that 80% of pel 238 is earmarked for Gladdy!!!
that is why this deal is verging on the criminal
the price STO are offering is an insult to anyone who runs the calculations on what ESG would be worth at LNG margins give or take $500M-$1B for a pipeline north..
ESG shareholders MUST get some kind of compensation for the fact that STO is planning to use pel238 for LNG not DOMGAS..
How this has been handled is an absolute disgrace but if STO gets away with it they will be a stock that I want to be in because they are going to book massive 2p reserves over the next 2 years based on pel 238 alone..which they paid virtually nothing for!
vote NO
ESG Price at posting:
78.0¢ Sentiment: LT Buy Disclosure: Held