$7 share price would make this company worth 2.2 billion.
Santos's desperation in acquisition leads me to believe gas prices will rise for the aussie market. Hence it was appropriate to rerate ch4 gas and qgc.
But the share price looks fully priced to me given developments risks. Definitely not worth 2.2 billion.
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queensland gas company limited
take over from santos??, page-13
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