On a side note to previous post. The main reason for selling out of CUE was when BOC (Bank Of China) frovided funding for PetroChina's acuisition of SPC (Singapore Petroleum Co.) and subsequent 16.31% holding. PetroChina is "the listed arm" of state owned China National Petroleum Corporation. In the O&G game they have a market cap second only to Exxon Mobil. The fact that shareholders think just because they dont have a representative on the board and hold less % than the "Todds" means they dont have power in the ranks is, IMO, exactly where they want to be positioned. Be interesting to see what other projects of CUE's they play cat and mouse with. Happy to be watching from the sidelines thankyou very much.
"Beware the Trojan Horse"
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On a side note to previous post. The main reason for selling out...
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