I just can't believe any of the potential suitors will just sit idly by and allow Petro to snap up a nice ramp up supply of gas.
Taking out Westside at the cheap price it is could provide a huge double benefit -
1) Knock out and/or massively delay competition 2) Provide themselves with instant ramp up production (much more valuable than reserves at the moment)
Are they all asleep at the wheel maybe? All so scared they are each trying to sell down their stakes and exiting instead of having the courage to forge ahead..
Sure, Australia's regulations and cost of doing business makes it one of the most expensive places in the developed world, anyone who has travelled can see this plainly but is that sufficient reason to give up?
Come on BG, SANTOS, ORIGIN, don't be scared of the Aussies.
There is a lot of short term fear out there which will quickly disappear once projects get going, jobs are created and nothing adverse is happening.
Wow, Drew Hutton will probably knock on your door asking for a job! When he does, Lock The Door on him (LTD).
WCL Price at posting:
42.0¢ Sentiment: None Disclosure: Held
