Once Shell completes its takeover of BG, Shell would end up owning over 8% of Drillsearch. Shell might sell out or take an interest in Drillsearch gas assets. If Shell sells out, it might lead to a corporate action in DLS. The other option is for Shell to find additional gas assets to back up CSG gas to be used in GCLNG. It is kind of risky to be a one trick pony in terms of gas supply most especially if GCLNG will be expanded to put in additional trains.
DLS Price at posting:
$1.12 Sentiment: Buy Disclosure: Held
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