Scene set for Cooper Basin takeover action

THERE is generally only one reason why a company's share price rises as its earnings are falling and that is because there's a whiff of takeover action in the air, though Slugcatcher reckons it's a rare event when the takeover rule applies to an entire province.

Central Australia's Cooper Basin is the centre of this apparent disconnection of financial forces, rising share prices and falling profits, triggering an outbreak of speculation that something big is

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