Hi Shanefixter,The Arrow story has been and gone..Shell and...

Hi Shanefixter,

The Arrow story has been and gone..Shell and Petrochina now own them through this new joint venture vehicle CS CSG . So if you are watching the AOE share price you are looking at the closing price on the day it delisted.

In terms of what that takeover could mean for BUL..the first thing is as of the end of August about $3.5 billion in cheques will be cashed from the Arrow transaction. No idea how much of that sum wound up in institutional hands by the end..but you'd hope some of that amount will filter back into the sector given Arrow was a good stock for shareholders who bought in early and they might be looking to replicate that success.

Market headwinds might stuff this up...but if the market doesn't spiral down out of control here, then some of this money could come back into BUL, BOW, Dart..and maybe WCL or ICN.

Beyond that, it all comes down to the pilots BUL is working on now. If they come off then imo BUL's value has to increase from where it is now. Whether the market is in any mood to go along with this theory is another thing altogether.


chrs