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16/11/16
08:54
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Originally posted by OilGasPlanning
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Fellow CTP shareholders....
DYOR & this is not investment advice but in the middle of a takeover bid, again I beg your leave to be candid.
Focusing forwards...
I take my hat off to the Macquarie Group as hard nosed and clear thinking business team who have spotted a good really good commercial opportunity.
My guess is the takeover offer is an integral part of the much wider picture, which I am only just starting to get my brain around.
No doubt Macquarie are after some very high lucrative returns for their shareholders.
CTP through RC has been in the vanguard of those recognising pressing need to get the East coast gas supply chain sorted out.
When the original announcement of oil on the shakers at Suprise came out I thought "This could be good" but when RC acquired half of merinie Etc. I thought "This is a real game changer for CTP".
As the NGP became a reality at a blistering pace I wondered when the shareholders would begin to appreciate potential the "Stored commercial energy" that was accumulating.
Bit like the feeling of drilling without a BOP, scary stuff!
Well she kicked back a bit earlier than we expected but in doing so showed us how valuable CTP is and vindicated our organisation's current business strategy.
I am personally pleased that Macquarie have friendly access to CTP information and remain optimistic that a symbiotic relationship between Macquarie and CTP may well provide the best returns to their respective shareholders.
While this is all going on I firmly believe that the the say 600 shareholders in particular who controll about 80% of CTP shares need to allign themselves formly behind the CTP board to shore up their negotiation position.
Strangely enough, this may well empower RC to end up with a deal that is in Macquarie's best commercial interests .
Easiest way to do this through the shareholders association.
The main objective here is to provide a good idea of the number of shares that are supportine of CTP board recommendations.
Put simply...
* Joining does not sign away your shareholder vote you do that by proxy & its a free country.
* At this stage you can join without divulging the HIN number, just put your poone number in the field.
They can check you are a current shareholder later.
* In any case, particularly if you hold quite a few shares good idea to be ready for a vote that may occur during the Christmas period. Sort that out a bit later.
As I write I looked over my previous posts and the tribute I wrote to my departed friend and mentor Conix and thought that he would be proud of CTP now.
If I am really frank I hope I can retain my shareholding in CTP as it grows into a multi generational O&G company.
The very best of good fortune to both MAC & CTP shareholders.
OGP
"Nil bastardo distractum et carborundum"... Don't let the bastards distract you and wear you down
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Screw MacQuarie they are sharks and predatory lenders and you can't have a symbiotic relationship with a megalodon .
As a too-big-to-fail bank they have the advantage of being backed by taxpayer guarantees should they screw up and have been granted by the state the privilege of being able to create money by means such as originating loans .
Banks should not be allowed to compete with mainstreet companies in mainstreet industries (especially with customers) because it is totally one sided .
MacQuarie are only a couple of steps removed from lenders of last resort . A bit better than death spiral financing but hardly what you want to see when you are evaluating a company as an investment .