In today's Bull Newsletter an interesting article about the recent activity involving BPT and DLS. A piece from the article:
Experts predict more M & A activity in the Oil and Gas Sector and there are other ASX listed producers/explorers with assets in the coveted Cooper Eromonga Basin in Queensland and South Australia. The Cooper Eromonga Basin boasts the largest and most mature deposits of oil and natural gas in Australia. The maturity is key, as with 50 years of drilling history the needed infrastructure is in place. Does the newly constituted Beach Energy merit consideration as a buy? And do some of the other potential M & A targets in the Cooper warrant your consideration? Given the price volatility we have experienced and the uncertainty regarding when and by how much the price of oil could recover, is any investment in the Oil and Gas Sector best left to punters?
It goes on to mention SXY and COE but we must also be worthy of consideration!
RLE Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
