Santos – Harbour Energy Returns to the Well
After rejecting a “confidential, non-binding conditional and indicative proposal” for a takeover from Harbour Energy at A$4.55/share last...
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Oil & Gas M&A Update (Part 3): Who Are the Winners in the M&A Market?
This report is the third and final instalment of a three-part analysis on the latest trends in the oil and gas M&A market.The M&A activity...
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No-Moat Santos' 4Q Impresses but Australian Dollar Strength Negates Gains
We make no change to our AUD 5.75 per share fair value estimate for Santos Ltd (STO AU), and our 2017 and 2018 EPS forecasts are similarly little...
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Notes from the Silk Road: Setting Out Our Small-Mid Cap Lemonade Stand
Our Independent Lemonade stand approachIn 1973, Bob Jamison introduced his business simulation game in which choices are made by a player regarding...
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CERCG Formalises a AUD 0.73 Cash Bid for AWE. We Recommend Shareholders Take No Action Just Yet
China Energy Reserve and Chemical Group, or CERCG, has announced an all-cash AUD 0.73 takeover offer for AWE. The price represents a 36.8% premium...
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