Surprised there is no mention of yesterdays news Beach locking in a sales agreement to sell more of their Watsia gas to BP LNG on this thread In my eyes the news is significant as BPT have said in a recent presentation that are looking for growth. The obvious candidates at the scale that would be meaningful is STX and WGO. As STX has its future gas targeted towards Urea plant, WGO would make a perfect sized acquisition, one that could be funded via their cash and debt capacity via a cash bid.
WGO Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held