re: Ann: Acquisition of shares by Landbridge ...
What will SANTOS / GLNG be thinking now ??
Who wants to buy GAS off a competitor (The Chinese) rather than a friendly management team that is in place now??
There is upside in all reserves over 65 T/J per day but the single biggest risk for GLNG and probably the most important question of all is: can they (GLNG) trust the Chinese to deliver with this GSA ??
Sure, the GSA is binding. Yes we know that, but we know The Chinese like to find loopholes and we know they would much prefer the gas is sent to their own gas project. They had a "no GSA" condition for a takeover for a reason.
The Chinese want Westside because it is a profitable business?? Really? Do we swallow this line?
Do GLNG / SANTOS really believe that?
If I was GLNG / SANTOS, I would be SH%T SCARED and would go all out to take control of Westside before it is too late!!
GLNG could just sit back and think "well, whatever, we get the gas anyway" .... Will they be so naive? That is the question.
Happy days ahead guys!
WCL Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
