1. Beach Energy just doubled their stake in COE from 9.57% stake to 18.41% via an on-market purchase
http://www.asx.com.au/asxpdf/20131028/pdf/42kcw2tc3frg11.pdf
2. Beach Energy's a pretext to a potential takeover of COE or a blocking stake to other predators eg. SXY or DLS. This follows BPT's trail of successful acquisitions of Delhi Petroleum, Impress Energy, and Adelaide Energy.
3. Beach Energy in the last quarter was declared as the Cooper Basin's leading oil producer, surpassing Santos's Cooper Basin production. Acquiring COE will put BPT clearly in the lead by a long shot, adding 500-600k barrels of oil per annum.
4. Beach Energy could be better at divesting COE's Tunisia assets than COE can, synergies will be a win-win for both BPT & COE in relation to both's Cooper Basin and Otway Basin assets.
potential beach takeover
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add COE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $594.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.0¢ | $409.4K | 1.826M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 136022 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 87266 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |