"Essentially what has happened is that along with all their other upstream gas assets, Fortune has sold their half of FLG to China Gas Holdings, and we're saying to them you can't do that without either procuring our half at the same time, or offering us the ability to buy it first – normal things you would find in an agreement," Uliel said. “There's a commercial discussion that needs to be had there." ... ... ... The proposed change in ownership would have little impact from an operational standpoint, according to Uliel, but the sale to CGH would make a big difference for Dart on a corporate level
"These are different companies. They have different strategies, different attitudes to things. We know Fortune very well, but we don’t know anything about China Gas," Uliel said.
DTE Price at posting:
12.6¢ Sentiment: Buy Disclosure: Held
