One of the common threads (pardon the pun) with HC members is this constant need to think your company is going to be taken over.
If its not ESG, its Santos, or some other up and coming LNG/CSG play.
It gets a big tedious really. If you only invested on the hope of a takeover than you would be holding your breathe for very long indefinte periods -even infinity
Santos is surely in no postion for a takeover of ESG due to its massive capital outlays over the next 5 years.
ORG maybe a suitor but again they have similar commitments and have a large shareholder in Santos to get over.
The CSG sector will continue to rationalise but it gets tedious everytime there is a major move in a shareprice than HC members put it down to a "takeover looming".
Its great to see movement today but I would be more confident to put it down to stock broker upgrades and recent postive announcements.
take over , page-3
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