$3.85 a share entitlement offer ??, page-58

If a hostile bid comes along. Board will make sure its significantly higher than $6.88 or $5.71 or $5.15 (depending what happens tomorrow and the days until book build and retail settlement). Even if you were Hony and wanted to take over you would still want the SP higher. If Scepter or another predator was hovering then STO board or Hony will make sure the price is right assuming the board is doing thier job.


POO is important so hopefully that holds close to $50 Brent or higher. AS for USD appreciating we can't control that. Last week they were predicting 100% it won't happen in Dec. Now its 100% happening though I don't think at a fast rate. Could signal a vote in confidence in the world economy. Any faster will slow down the US economy regardless what jobless rate says as we know we can't trust it.

But hopefully the GLNG train 2 and PLNG will negate the bad effects of the world and POO events. Board and new CEO needs to pick up the game though. Chevron, Exxonmobil, Shell and to a much smaller extent Woodside is sure not sitting still.