Thinking out aloud here .....................
After the takeover of ORG was announced all CSM/CBM stocks rose quite significantly due to the price BG was willing to pay for such assets (remember this offer was increased).
We all know BP, Shell and possibly Chevron are currently running the numbers over ORG, to possibly acquire or have a jv with ORG. One would think news wouldnt be far away on that.
http://business.smh.com.au/business/shell-...80803-3pbi.html
When such news comes to hand and we realise what other large majors are willing to pay for such CSM/CBM assets we should see a nice upward movement in related stocks, ie MPO.
Here's hoping .................... Thoughts??
- Forums
- ASX - By Stock
- set to rise
Thinking out aloud here .....................After the takeover...
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