Coastal Energy (CENJF.PK +5.4%) is enticing traders with the prospect of the energy industry’s...

|About: Coastal Energy Co., Ltd. (CENJF)|By:, SA News Editor

Coastal Energy (CENJF.PK +5.4%) is enticing traders with the prospect of the energy industry’s next bidding war, Bloomberg reports. Indonesian oil producer PT Pertamina reportedly sent a takeover proposal to major Coastal shareholders. Since Coastal operates mostly in the Gulf of Thailand, that nation’s state-controlled PTT could consider an offer.