I noted some more talk of WPL eyeing up OSH.
Oil Search is actually pretty expensive, over 20* earnings. Any takeover would probably need to be closer to 30 - surely holders here wouldn't be happy with a takeover like that. Would be a disaster imo.
At least Santos' assets would be cheap; including its stake in PNG.
Entry Point?, page-9
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$26.77 |
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Mkt cap ! $51.19B | |||
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