Slugcatcher and the sound of oil wagons circling

AT first sight there isn’t much connecting the plan by BP to close the Kwinana oil refinery in WA and the sale by Senex of its Cooper Basin oilfield interests in South Australia, but if you look at the deals in the way Slugcatcher does they have a lot in common.  

Slugcatcher and the sound of oil wagons circling Slugcatcher and the sound of oil wagons circling Slugcatcher and the sound of oil wagons circling Slugcatcher and the sound of oil wagons circling Slugcatcher and the sound of oil wagons circling

Big assets and small on chopping block

The key link is the need for management to efficiently allocate capital, a process which encompasses cost control and the application of money in a way that it generates the best return.