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Shell, PetroChina Win Arrow With Sweetened $3.2 Billion Offe

Bloomberg -- Royal Dutch Shell Plc and PetroChina Co. agreed to buy Arrow Energy Ltd. after increasing their offer to A$3.5 billion ($3.2 billion), marking China’s entry to Australia’s coal-seam gas industry.

Shell and PetroChina will pay A$4.70 cash a share for Arrow’s Australian business, the Brisbane-based company said today. The price was raised from A$4.45 and is 35 percent above the stock’s level before the initial bid was reported March 8. Investors will also get shares in a new company holding Arrow’s gas assets in China, Indonesia, India and Vietnam, which may be worth as much as A$400 million, according to analysts.

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Submitted Mar 22, 2010 By: ziyulu

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txyankee Champion Author Milwaukee Posts:7,350 Points:1,311,795 Joined:Sep 2005	Message Posted: Mar 22, 2010 9:26:45 AM Ignore txyankee Report Abuse soon we will be using yen instead of a dollar...
Retowered Champion Author Colorado Posts:4,143 Points:1,725,695 Joined:May 2004	Message Posted: Mar 22, 2010 9:26:37 AM Ignore Retowered Report Abuse Be very wary of the china.
HEBster Champion Author Kentucky Posts:3,953 Points:1,411,610 Joined:May 2006	Message Posted: Mar 22, 2010 9:24:59 AM Ignore HEBster Report Abuse Don't know if that's a good thing...
04tang Champion Author Ohio Posts:1,802 Points:390,385 Joined:Jul 2006	Message Posted: Mar 22, 2010 9:24:51 AM Ignore 04tang Report Abuse Great stock market article but not mutch to do with gas prices today.
techque Champion Author St. Louis Posts:3,892 Points:1,526,290 Joined:Apr 2005	Message Posted: Mar 22, 2010 9:23:55 AM Ignore techque Report Abuse India says about China, "me, too"
MacGyver_1701 Champion Author Indiana Posts:6,834 Points:1,574,600 Joined:Feb 2005	Message Posted: Mar 22, 2010 9:23:49 AM Ignore MacGyver_1701 Report Abuse Seems China is investing in some guaranteed supply.
CharlieC08 Champion Author Colorado Posts:3,827 Points:651,245 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:23:48 AM Ignore CharlieC08 Report Abuse Maybe a couple of us should team up and buy us a big ole oil company.
armstrmb Champion Author Houston Posts:5,347 Points:1,114,680 Joined:Jun 2007	Message Posted: Mar 22, 2010 9:23:12 AM Ignore armstrmb Report Abuse With millions of underpaid workers, China sure has the money to buy up capitalist ventures.
KarateDude Champion Author Cincinnati Posts:1,426 Points:307,195 Joined:Mar 2008	Message Posted: Mar 22, 2010 9:23:08 AM Ignore KarateDude Report Abuse So will China put lead in their petro like they do with almost every other exported product to the US?
techque Champion Author St. Louis Posts:3,892 Points:1,526,290 Joined:Apr 2005	Message Posted: Mar 22, 2010 9:22:50 AM Ignore techque Report Abuse more Chinese grabbing control of the "free" market economies. boycott Wal-Mart
bills55 Champion Author San Diego Posts:1,178 Points:303,950 Joined:Sep 2009	Message Posted: Mar 22, 2010 9:22:44 AM Ignore bills55 Report Abuse They are buying these assets wirh our money!
diatzikis All-Star Author Raleigh Posts:718 Points:196,855 Joined:Jul 2008	Message Posted: Mar 22, 2010 9:20:34 AM Ignore diatzikis Report Abuse China is the new market for the world.
silverfox63 Champion Author Michigan Posts:3,354 Points:670,720 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:20:17 AM Ignore silverfox63 Report Abuse It seems like that China is able to buy themselves into everything. One day it will all come to an end.
niceguytx Champion Author Houston Posts:8,963 Points:1,749,725 Joined:Sep 2005	Message Posted: Mar 22, 2010 9:20:06 AM Ignore niceguytx Report Abuse This is the start of a new trend probably, as the Chinese buy more energy assets to keep their economy growing.
mooneagle Champion Author Oklahoma City Posts:3,821 Points:785,165 Joined:Jun 2008	Message Posted: Mar 22, 2010 9:18:27 AM Ignore mooneagle Report Abuse communist chinese will take over watch them
dopster Champion Author Toledo Posts:2,207 Points:1,358,210 Joined:Aug 2004	Message Posted: Mar 22, 2010 9:17:22 AM Ignore dopster Report Abuse What China wants, China gets. And thus, worldwide demand just keeps increasing.
DABEE1073 Champion Author San Diego Posts:2,993 Points:599,485 Joined:Jun 2008	Message Posted: Mar 22, 2010 9:16:30 AM Ignore DABEE1073 Report Abuse WHO SAID THE OIL COMPANIES NEED A BAILOUT???
The_Gunslinger Champion Author Arkansas Posts:1,897 Points:384,340 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:16:06 AM Ignore The_Gunslinger Report Abuse Scary thought
tazdriver Champion Author Huntsville Posts:4,892 Points:1,182,100 Joined:Jan 2007	Message Posted: Mar 22, 2010 9:15:49 AM Ignore tazdriver Report Abuse China will destroy the world markets
gasman50 Champion Author Portland Posts:3,929 Points:1,437,825 Joined:Nov 2005	Message Posted: Mar 22, 2010 9:15:31 AM Ignore gasman50 Report Abuse Be very wary of the communist chinese
PrepHermit Champion Author New Jersey Posts:3,280 Points:677,455 Joined:Aug 2008	Message Posted: Mar 22, 2010 9:15:16 AM Ignore PrepHermit Report Abuse China will eventually control the global markets.
indyjim Champion Author Indianapolis Posts:4,768 Points:1,350,645 Joined:Jul 2006	Message Posted: Mar 22, 2010 9:11:38 AM Ignore indyjim Report Abuse China is making a big bet on Arrow's future.
RobertSpratt All-Star Author Virginia Beach Posts:792 Points:234,245 Joined:Jul 2007	Message Posted: Mar 22, 2010 9:08:18 AM Ignore RobertSpratt Report Abuse Shell is positioning themselves to be the Microsoft of Petroleum.
klatu2u All-Star Author New Jersey Posts:831 Points:197,475 Joined:Jun 2009	Message Posted: Mar 22, 2010 9:07:21 AM Ignore klatu2u Report Abuse Third World no more.
maske_2222 Champion Author Manitoba Posts:3,128 Points:648,115 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:04:34 AM Ignore maske_2222 Report Abuse We will see.....
hauler43 Champion Author Oakland Posts:4,829 Points:1,857,530 Joined:Sep 2003	Message Posted: Mar 22, 2010 9:03:40 AM Ignore hauler43 Report Abuse Good
jony Champion Author Florida Posts:2,958 Points:826,900 Joined:May 2006	Message Posted: Mar 22, 2010 9:02:16 AM Ignore jony Report Abuse now comes consolidation
bababooey2 Champion Author Hartford Posts:1,486 Points:326,840 Joined:Sep 2009	Message Posted: Mar 22, 2010 9:00:10 AM Ignore bababooey2 Report Abuse ?
2907 Champion Author Kentucky Posts:1,439 Points:789,795 Joined:Aug 2005	Message Posted: Mar 22, 2010 8:58:49 AM Ignore 2907 Report Abuse Maybe Obama is trying to make the US like china?
njerald Champion Author Seattle Posts:2,907 Points:669,405 Joined:Oct 2007	Message Posted: Mar 22, 2010 8:58:28 AM Ignore njerald Report Abuse Yawn.........
KillChain Champion Author Albuquerque Posts:2,264 Points:603,800 Joined:Jun 2006	Message Posted: Mar 22, 2010 8:58:01 AM Ignore KillChain Report Abuse I hope Shell can keep it to business....before the US Government makes it personal.
Cuzilla Champion Author Indianapolis Posts:8,819 Points:1,552,165 Joined:Sep 2005	Message Posted: Mar 22, 2010 8:57:03 AM Ignore Cuzilla Report Abuse China is building a future, unlike us, we seem determined to self-destruct.
Zuman Champion Author New York Posts:1,509 Points:965,040 Joined:May 2005	Message Posted: Mar 22, 2010 8:55:38 AM Ignore Zuman Report Abuse Watch those chinese.............................
fltdoc Champion Author Oklahoma Posts:3,480 Points:605,915 Joined:Oct 2008	Message Posted: Mar 22, 2010 8:54:15 AM Ignore fltdoc Report Abuse I have to wonder if this is good for Australia.
SaltyDogMA Champion Author Massachusetts Posts:1,553 Points:447,620 Joined:May 2008	Message Posted: Mar 22, 2010 8:50:28 AM Ignore SaltyDogMA Report Abuse China's looking out for its energy needs.
nstrdnvstr Champion Author Twin Cities Posts:29,529 Points:3,017,685 Joined:May 2001	Message Posted: Mar 22, 2010 8:49:27 AM Ignore nstrdnvstr Report Abuse Hmmm.... the article doesn't say what percentage Shell and China each own of this purchase.
Goatroper Champion Author Dallas Posts:2,071 Points:418,140 Joined:Apr 2004	Message Posted: Mar 22, 2010 8:49:07 AM Ignore Goatroper Report Abuse Too late Bartbuzz. We've already been had. Typical Democratic party thinking....even though the polls say the majority of Americans do not want the health bill, we'll pass it anyway, since we know more than you do...don't worry about anything, don't think about anything...we will take care of you...we know what's best for you. Just lay back and enjoy it.
afghaned Champion Author Hamilton Posts:4,381 Points:312,775 Joined:May 2004	Message Posted: Mar 22, 2010 8:46:23 AM Ignore afghaned Report Abuse China is trying to buy the world.
braves89 Champion Author Chicago Posts:2,765 Points:659,370 Joined:Apr 2008	Message Posted: Mar 22, 2010 8:46:06 AM Ignore braves89 Report Abuse agree with Bartbuzz
tbgasmizer Champion Author Ontario Posts:1,294 Points:293,080 Joined:Oct 2009	Message Posted: Mar 22, 2010 8:45:45 AM Ignore tbgasmizer Report Abuse It won't be long they will own most of it.
BartBuzz Champion Author Atlanta Posts:3,938 Points:810,010 Joined:Aug 2006	Message Posted: Mar 22, 2010 8:44:02 AM Ignore BartBuzz Report Abuse China is on the move. The US had better wake up. Instead of cramming health care down our throats, Congress needs to focus on how to get our economy rolling again. How about just getting out of the way for starters!
AnObserver Champion Author New Jersey Posts:4,285 Points:1,421,795 Joined:Sep 2005	Message Posted: Mar 22, 2010 8:43:39 AM Ignore AnObserver Report Abuse When commodity speculation meets mergers & acquisitions the big bucks come out to play
DRHCNY Champion Author New York Posts:1,823 Points:545,965 Joined:Oct 2007	Message Posted: Mar 22, 2010 8:43:15 AM Ignore DRHCNY Report Abuse Bring it home
Skipper52 Champion Author Massachusetts Posts:2,556 Points:633,925 Joined:Oct 2008	Message Posted: Mar 22, 2010 8:42:43 AM Ignore Skipper52 Report Abuse China is getting ready to take over the world.
Agabel Champion Author Colorado Springs Posts:1,531 Points:945,840 Joined:Aug 2005	Message Posted: Mar 22, 2010 8:39:27 AM Ignore Agabel Report Abuse More buying of limited resources by China
Ltdc Champion Author Long Island Posts:2,387 Points:724,795 Joined:Jul 2007	Message Posted: Mar 22, 2010 8:37:18 AM Ignore Ltdc Report Abuse A lot of consolidating going on.
DieselKat Champion Author Tennessee Posts:1,721 Points:1,414,575 Joined:Oct 2005	Message Posted: Mar 22, 2010 8:36:32 AM Ignore DieselKat Report Abuse Have you noticed that the US has less and less buying power.
gilfarm Champion Author Alabama Posts:2,152 Points:1,012,285 Joined:Sep 2005	Message Posted: Mar 22, 2010 8:36:17 AM Ignore gilfarm Report Abuse Alot of money.
BeaverBilly Champion Author Alberta Posts:4,995 Points:1,578,660 Joined:Feb 2003	Message Posted: Mar 22, 2010 8:35:22 AM Ignore BeaverBilly Report Abuse Sounds like no shortage of cash here to invest.
curlypooh Champion Author New Jersey Posts:4,945 Points:1,036,190 Joined:Apr 2007	Message Posted: Mar 22, 2010 8:34:56 AM Ignore curlypooh Report Abuse Lots of cash for OBOMBUS to borrow!
netman044 Champion Author Texas Posts:3,844 Points:646,060 Joined:Sep 2005	Message Posted: Mar 22, 2010 8:34:36 AM Ignore netman044 Report Abuse China wants to know where their petroleum is coming from. They don't want to have to depend on OPEC production to determine the price of their crude and gas.
Gassed01 Champion Author Toronto Posts:1,751 Points:851,600 Joined:Jan 2006	Message Posted: Mar 22, 2010 8:32:18 AM Ignore Gassed01 Report Abuse China has the cash. They are trying to secure their future.