Take-over activity strikes again in the energy sector and this time it is an off market offer for all of the shares in Westside Corporation

James Marlay

Livewire Markets

Take-over activity strikes again in the energy sector and this time it is an off market offer for all of the shares in Westside Corporation. Westside is one of the few independent companies on the East Coast with uncontracted gas reserves. The LNG developments in Nth Queensland continue to put upward pressure on gas prices as domestic consumers struggle to lock in supply for the medium term. The all cash offer from Landbridge Group of $.36/share is at a substantial premium to the 3 month and 5 day VWAP of shares in WCL. However, the release today from Landbridge suggests that Westside have not be willing to entertain the offer or engage in discussions with their suitor. Westside shares have gained nearly 50% since the start of 2014 suggesting growing recognition for the value of their assets. This is an interview with @morgans analyst Krista Walter on WCL &feature=share&list=TLBNHpAyXUqmKBByGo1-EGcZSFQCMfKvBa


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James Marlay
Co Founder
Livewire Markets

Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.

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