I guess most ADE holders were in it for the shale? Your shale is now in the hands of BPT, so obvious safe move would be to plough back into BPT. I don't think you would go far wrong. However, the smart move is to plough into DLS who are carried for 5 years for $150m Shale Gas JV with BG, ie biggest fish in ocean, who will also buy the gas. And as if that wasn't good enough, recent oil discoveries at Bauer and Basham will see SP double in ST all by themselves before Shale even ramps up. No-one will take out DLS as softly - BPT tried once and were burnt.
DLS is a no-brainer if you want a 2nd chance at the premium you thought you were going to make from ADE.
ADE Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held
