Tuesday 21 April 2015

PM Bolt On: Parkmead and Chariot Oil & Gas + GKP.

Good Evening, 

With limited time, a little gossip from 'mill' that's been doing the rounds after Woodside (ASX: WPL) passed on operatorship and 25% increase on Chariot Oil & Gas's (CHAR) Rabat Deep. This may just not be the disappointment that at first glance you would be justified in thinking. CHAR's now looking like an exceptional candidate for a take-out and not a la Just Eat. 

Some similar gossip for Parkmead (PMG), but then if there wasn't gossip the market wouldn't justify its position. Over to Woodside to reconsider on CHAR. Separately, with the likelihood of some news on Gulf Keystone (GKP), expect some volatility. The Capital Group Companies, are sitting on their hands at present, shrewd or foolish?

Atb Fraser. 

Caveats of common-sense apply. 

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