Is this really your main point from the new WA government gas policy? To come to share price parity with Strike?
Guys, with all due respect, but you should think a bit harder what that means for the value of both companies...
I would think your two Scotsmen might be extremely frustrated about this development. The simple question now is, who will buy out the company with none-operated gas in ground and a ”government regulated” market and who would do so at a premium?
You can easily remove Mitsui from the list of potential buyers, because they surely haven't bought into the Pert Basin to sell to domgas...
The brutal fact is, that this government decision pulls a lot of value from both companies... Nothing to celebrate in my opinion...
WGO Price at posting:
20.5¢ Sentiment: Sell Disclosure: Not Held
