STX 2.22% 23.0¢ strike energy limited

my only ever criticism of stx was the terms of the offer they...

  1. 2,966 Posts.
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    my only ever criticism of stx was the terms of the offer they made to wgo. 1.2:1 was insanely good for wgo. In light of the JV dysfunction, i can now understand why stx wanted to buy out the partner for a premium.

    Thankfully for stx, wgo did not recognise the value of what they were being offered in what would have been the second deal of a lifetime for them...

    The first deal of a lifetime for wgo was when stx offered to pay the cost of the discovery well in return for 50%...


 
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