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4.17% 2.3¢ emperor energy limited

fortescue acquires stake in oil basins, page-12

  1. carbonblack
    44 Posts.
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    16/11/12
    15:51
    Post #: 11011163
    I reckon FMG's stated reason (securing gas for iron ore operations) is a furphy, maybe other than for some power generation. They can see the top of the iron ore mountain - in fact, nearly fell down the cliff recently - and are now looking for the next wave to catch. Hard to find cheap commodities/assets, but given good shale sells for thousands of $/acre in the US, OBL might look cheap to them.
    OBL Price at posting: 3.9¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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