RE: RE: Rumors out of Germany The only real contender for me is Allana. The others are in earlier stages.
The reasons I believe they will secure a deal with WPX is simple, first, water. WPX is the only player with a secure source of abundant water, Allana is still evaluating water supply. Infrastructure is way better in Canada. Rail already in place, good roads, port already there. Allana is dependent on the government of Ethiopia to build most of what it needs. Delays are possible, if not innevitable.
Yes Allana is cheaper, in terms of CAPEX but it's proposed output is far less than WPX 2.8 Mt vs 1Mt for Allana.
For all those reasons I believe WPX is the only logical buy. I do believe Allana is going to be bought, but not right now.