Tweeter - Cove Energy comparison13 Apr 2021 14:19
Francis Tweeter post - interesting comparisons
Like this bit
Notwithstanding its strong financial position, Cove put itself up for sale in December 2011. Given Prosperidade’s size and its close distance to the gas-hungry Asian markets, the sale attracted a long list of high-calibre suitors, including major independents and national oil companies.
Between February and July 2012, Shell and PTTEP engaged in a prominent bidding war to acquire Cove. On 21 February 2012, Shell placed an indicative bid of £1.95 per share. Two days later, Cove received an indicative bid of £2.20 per share from PTTEP. On 3 May 2012, Shell made a recommended cash offer of £2.20 per share,[3] followed on 23 May 2012 by a recommended cash offer of £2.40 per share from PTTEP.[4][5][6][7] In July 2012, Shell retracted its offer and announced it was withdrawing from the bidding process.[8][9][10] In August 2012, Cove was sold to PTTEP for £1.2 billion (£2.40 per share). It was one of 2012's most prominent public takeovers worldwide.[11][12][13][14]
https://en.wikipedia.org/wiki/Cove_Energy_plc
GLA