BRU 3.33% 8.7¢ buru energy limited

is conoco targeting takeover of bru ?, page-42

  1. 5,170 Posts.
    lightbulb Created with Sketch. 1170
    Hi TBE,
    I must admit you are right,....technically.
    The Roma take-over, however, was small company tarting itself up for a Bow? takeover, and ultimately setting up Arrow ? or was it Qld Gas ? to get Bow Energy.I cant remember the full sequence but I can remember the offer was all about acreage and the value was less than $50 million.
    On the other hand BRU has a market cap in excess of $600 million, and potential acquirers have been suggested as majors like CP. These majors wont be buying acreage and most definitely will want reliable reserve numbers.
    Anyway, the proof will be in the pudding. Lets see who, if anybody, throws an offer on the table.
 
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