The CSG sector is back all right. A huge resource for Australia the lucky country.
STO have already made it clear that they will take over ESG. That comment was in their annual report which I read some time ago.
I have just read all the posts on ESG for the last 2 days and it got me thinking about a possible scenario. Unlikely..but worth a post.
What say AOE accepts the offer from Shell/Petrochina ( at a higher level of course ) and then uses those funds to tie up the huge CSG resource in NSW. They could launch an offer for ESG and AZO ( in which they already have a shareholding ). Just a thought. Nothing too serious but others could be interested in ESG's NSW assets/permits.
The Shell/Petrochina offer is real low ball. I can't see Davies accepting it.
In the meantime ESG continues to be a standout buy. ( but my hands are full of BOW...and they are a standout too.)
ESG Price at posting:
81.0¢ Sentiment: Buy Disclosure: Not Held
