At this price its a steal!! WAY cheaper for STO to buy ESG than pay what they would have to for a GSA at LNG prices ... of $5-$6 for input gas into GLNG. At that price ESG's gas is worth $5 billion at a 2P level NOW .. and then we have the upgrade.
I'm getting more annoyed. Knox has been quoted as saying ESG was a fish "to die fighting for" ... and yet on the surface of it there doesn't appear to have been a fight. It hasn't even been a tussle as far as we can see.
Let the fight begin! What's to stop ESG signing a deal to sell their gas to someone else? QGC did several takeovers duing its time under offer I think or was that PES or AOE? Business goes on .. so there is plenty of water still to flow under this bridge ... we hope!
H
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