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NEAL WOOLRICH, PRESENTER: Takeover activity in the resources...

  1. 5,845 Posts.
    NEAL WOOLRICH, PRESENTER: Takeover activity in the resources sector is starting to heat up again, with Shell and Petrochina teaming up for a $500 million bid for the Queensland coal seam gas outfit Bow Energy.

    While it's not a massive deal, there's increasing speculation that China is about to unleash a new wave of buying physical resources, having become deeply disenchanted with its huge investments in US debt.

    maybe they could be looking at pel 96????????

 
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