"Would be great if ESG did the responsible thing and throw 10cents worth of scrip over the fence and bring the company back to where it started."
JT, I suspect that something like that is quite likely. But I think ESG may need to pay more than 10 cents if they want it to happen without a fight.
Now latish in the game for ESG, OIP or OIP's CSG assets will be re-consolidated back into the fold. A nice, clean bloodless coup.*
A larger and simplified land-holding and ownership structure, all under the ESG banner.
OIP was always on a large elastic leash from ESG. It seems now, ESG is ready to bring OIP back to heel. And I'm sure the timing is no fluke.
One could almost be mistaken in thinking that ESG was tidying things up before a sale (just as Tintsfield, the reserves upgrades, approvals and a decision about where the gas will go are all within sight)...
No wonder some ESG holders are beginning to get just a little excited...
Yaq
* And I'm sure Dennis doesn't mind - after all, he has no skin in the OIP game, and a very large skin in ESG.
ESG Price at posting:
79.5¢ Sentiment: Buy Disclosure: Held
