news from afar but far from new news

Could BGs biggest one day rise in 17 months be a simple ploy by some motivated investors to churn some easy profit out?....as you can see it has been used time and time and time and time again :)

BG is an impressive company with massive exposure to Natural Gas in both Australia as well as massive oil in Brasil (read up on the pre-salt oils and tupi field). They have been delivering yoy growth with sales and profit so it would not be surprising that someone like Shell would be eyeing them off.

BGs boss was here recently for a photo op with the PM, but was instead handed KRudds head on a platter by the Labor savages. I guess we will never know what they were all going to announce on that day!

You would think their (Shells) strategic investment team would have them (BG) continually under analysis, so there is probably some credibility to the rumour, but no more than has been for the past 10 years+ of takeover speculation.

We are just over 12 months since the last solid rumour which also caused a 4% one day jump. Is that timeframe significant, and would Shell really make a bid where political and environmental risk still needs to be acquitted for the GLNG project?

Put me in the skeptic box for this one.

Cheers,

SF

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The Australian

BRITISH gas giant BG Group is in a rare space among Gladstone's coal seam gas export hopefuls.
It has enough gas and an LNG plan far enough advanced to not need to talk to competitors Shell, Santos and Origin about consolidation.

This puts BG in a position to be able to drive a very hard bargain with any of the less-advanced players who might need a deal.

That BG are driving a bargain so hard Shell could be moved to bid for BG, which is worth about $64 billion, is clearly a stretch. But if Shell did successfully bid for BG, it would put them in a lot better position in Queensland.

Rumours were flying around London on Friday that Shell was about to make a bid for BG. While analysts in the City gave the rumour little credence, some punters did, sending BG shares up 6 per cent their biggest one-day jump in 17 months.