ARAKIS: HIGH RISK OIL PLAY (AKSEF) Message Board

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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: richard hawkins who wrote (5783)	5/26/1997 10:49:00 PM
From: Razorbak	of 9164

richard: <<Petronas certainly has the capital needed to buy the AKSEF shares not owned by Lundin)- together they can control the pipeline. Alternatively, CNPC could see this coming and preempt by bidding for AKSEF. Slap me down for having these pipedreams.>> I don't think those are pipedreams at all. I've seen it happen more than once, especially in the last year. The reality is that energy demand from SE Asia (and especially China) is so high right now that it is acting as a huge energy sink for the entire worldwide crude market. Because of this, industry conditions are very bullish relative to a few years ago, companies are getting more and more aggressive with their price forecasts, and there is simply too much capital chasing too few deals. That's why I believe this story is going to end with M&A activity, and probably before the end of the year IMHO.

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