the closer we get to FID the more expensive cvn theoretically becomes. however who realistically would take cvn over rn?
STO- have already stated they want to sell down their 60-70% stake. if cvn can't stump up development costs then I presume they have first right of refusal, so no real value to STO buying cvn.
BPT- their balance sheet looks good right now, but have committed serious capex to shore up their existing gas assets. not certain taking on an acquisition with additional capex requirements falls within their risk profile.
WPL-bhp merger is probably enough to keep them entertained for the next 12months or more.
international companies-cvn has approx 49mmboe of contingent resources (2c), not sure that makes it sexy enough atm
above is purely my opinion, I also don't think a to is in the best interest of shareholders long term
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