WPL is my low sovereign risk energy play for oil and gas.
East Timor and PNG IMO are high sovereign risk jurisdictions where the asset can be fantastic but you still lose your shirt due to internal domestic politics, corruption and greed.
The only way I would tolerate investment in these countries is at massive discount. If I want to do risky play in oil and gas I could buy OSH. Not for me thanks. I was nervous about the potential Leviathan deal too, very glad they walked away from that and hoping they walk away from OSH deal unless it is at significant deep discount.
LNG prices under pressure, page-6
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$27.52 |
Change
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Mkt cap ! $52.25B | |||
| Open | High | Low | Value | Volume |
| $27.36 | $27.59 | $27.23 | $347.5M | 12.37M |
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| No. | Vol. | Price($) |
|---|---|---|
| 11 | 167313 | $27.51 |
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| Price($) | Vol. | No. |
|---|---|---|
| $27.53 | 2000 | 1 |
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