Morning, for what it's worth I'd be distraught if NEN was to be taken out now. That may be a reflection of self interest (ie I doubt the price would be sufficient at this point in time) but also an objective reflection of where we are in the development cycle of the assets. I think we need much more time for Paloma (more upside surprises) and of course I'd like to see Vietnam drilled.
Each investor is different of course. Some would be thrilled with a 50% uplift. But given where I think this one could get to that's just not enough.
P.S I enjoy this thread. One of the better ones. So thanks to all the regulars (and less regulars!).
NEN Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
