why aren't big instos buying, page-7

Cranny

Good points. Makes me wonder if BG's play for PES is part of a play on both PES and AOE. They missed out on ORG and have settles for QGC. If PES's assets are needed by AOE/Shell and BG to keep their CSG scale and have ascendency in the LNG scene in QLD ... then perhaps what we will see is BG being the consolidator? They bid something like $12 billion+ for ORG .. and only spent $5.5 billion on QGC .. so plenty left for AOE and PES.

H