I am going to draw a long bow here, Australia is at potential risk of running out of fuel, bodes well for field development.
Norway sovereign fund wants to divest $3.7 Billion worth of oil stocks, STO is around 6% of the fund value, now if this starts hammering the Santos sp what would you do to help with keeping the sp up? Take over CVN!
The Australian government is in the middle of a Fuel Security Review, with a final report due in the second half of this year but there are growing calls for urgent action.“There is no point in having 12 fantastic submarines and 75 F-35s if you’ve got no bloody fuel for them," warns Molan."This latest attack emphasises the need for us to take liquid fuels resilience seriously."
https://www.copyright link/business/energy/could-australia-run-out-of-fuel-20190612-p51wwv
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