NO TA ON THIS THREAD PLEASE - (edit) and no pointless speculations either!
I've created this thread just to park stuff in that is only tangentially-related to SOCO's interests and doesn't relate to any of the specific assets.
Interesting, thanks ee.
How do you see the current process playing out? Your best guess? Do you think a deal will still be done by Feb?
I just had a look back at the Dana deal & that took almost 3 months to complete as the initial approach came in July.
I think one exciting thing about Soco is a number of suitors are interested which therefore warrants a premium on the price. And what is interesting is how much of a premium is the question to be asking because factors such as market value is simply not enough as one needs to consider the location of the reserves as well as the ability to secure a decent flow of production coming on stream needs to be considered.
A company can buy x number of bbls from the market at a certain price but there is a limitation of doing such business which is you can only by a max number of of bbls directly from the open market as one needs to factor in costs of Storage & costs of charting the cargoes from a to b.
Whereas buying an asset like TGT which has about 20+ years of production & being able to store that Oil in the ground for next to nothing & produce it over many years at a price agreed in the current moment in time needs to be paid for at a premium to market price IMO. Basically by NOCs buying assets like TGT it is in effect them securing future reserves.
