No doubt about it....The Chinese are having a love affair with Australia's energy stocks. This news out today.....WA gas retailer snapped up before an IPO!
It will be interesting to see if there is a connection with this Hong Kong family and PGY's HK-based majority shareholder. I wonder if we will see an explorer-producer-wholesaler-retailer vertically integrated business model for Alinta.
We know that PGY is sitting on up to 4500MMOE, and it could just be that the board and management have positioned the company for a much bigger play!
All very positive...you'd be crazy to offload at the moment with so much going on, especially the Commonwealth vs. States political stoush over gas shortage!
http://mobile.abc.net.au/news/2017-...g-based-cheng-family-ctfe/8360374?pfmredir=sm
Alinta Energy sold to Hong Kong's Cheng family after IPO about-face
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