There's been a lot of water go under the bridge since July .
Most particularly, the announcements on 9 September by Santos and Oil Search that they are to merge. This is expected to come into effect , once all the approvals have been received, in mid December 2021. Under the proposal OSH shareholders will receive 0.6275 new STO shares for each of their OSH shares. STO currently $7.27, MC $15.1B and OSH 4.47, MC $9.3B.
So along with the BHP/WPL merge - expected MC circa $50B - OZ will have 2 fully fledged fossil fuel beasties both playing in the same backyard . Quite formidable when you think about it.
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