After seeing the numerous takeovers and consolidations in the...

After seeing the numerous takeovers and consolidations in the Cooper basin area did some research and identified STX and ICN as the last 2 small Shale Giants left

Went with ICN for 4 reasons

1. Its main and really only focus is Cooper Basin Shale unlike STX which has US Gas interests and has an implied takeover asset value of 23c a share

2. Its about to commence a very large fraccing  program to try unlock 28Tcf of gas along with BPT and Chevron so huge price catalyst coming

3. It has a 2Mt pa LNG contract with a large Chinese group, may not seem like a long shot but after LNGs performance and then MEOs off the back of its Tassie Shoal LNG asset market may go bonkers for this

4. Its on the verge of breaking up through a sideways consolidation channel of 13c-14c