SXY 0.00% $4.60 senex energy limited

origin to takeover sxy for its gas, page-2

  1. 26,819 Posts.
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    So just thinking out loud, how this could play out - SXY breaks out of range as per post on other thread, so above 88c and momentum should take it to minor resistance around 97c - this forces the hand of local suitors eg Origin or Beach and minimum 60% premium added to around $1.60. Bid rejected and international majors then forced out of the woodwork and bidding war ensues for final takeover price of ... ? Leave that as open question :)
    How does that grab you?
 
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