Was interested in an article in yesterdays Australian regarding the Santos-Oil Search merger transaction. It concluded with the following.
The Santos-Oil Search transaction makes the company one of the 20 largest energy groups in the world, but should Woodside’s merger with BHP petroleum go ahead, it will still be the nation’s largest energy producer. While Santos boss Kevin Gallagher will be the chief executive of the merged entity, the makeup of the board has yet to be determined. Experts believe the merger will now lead to consolidation among smaller players such as Beach Energy, Senex and Cooper Energy, as scale becomes increasingly important.
I wonder is CVN could be in the sights of BPT. My pondering comes about because BPT needs to increase its assets (and Dorado would certainly do that) plus there is a common shareholder involved ... Mr K Stokes!
Thoughts?
CVN Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
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