My thoughts of the day: Origin's conventional assets are...

My thoughts of the day:

Origin's conventional assets are well-run and profitable, but scattered and suffering from lack of new discoveries. They'll be much better run by a mid-tier company than a "ponderous behemoth". There'll also be a few worthless (IMO) assets (like the Cooper unconventional) thrown in. The NT unconventional is also thrown in here because it's viewed as too high risk.

I don't know the sale price of the AJQ-STO deal, but I am concerned that they are getting conned.

Mereenie is a much better asset than those bought by AJQ, but for that reason I think STO will be more keen to hold onto it, especially as the oil price improves.

Final thought - what price do we need profitably restart Surprise (with hedge if necessary)? Remember seeing some hints in an announcement the other day. Need to do my homework.