Kip,
it has been a harrowing year for BUL after the huge rise at the end of 2017. Things were looking good but then Christmas arrived and everyone went to sleep. And then this Chinese bid for APA came in and stopped everyone in their tracks. And just to make matters worse the AEMO tells Australia that there is no worry. There is plenty of gas. So all the impetus of a GSA just disappeared.
But although Christmas is coming again, there is a huge need by many parties to lock in Gas Sales Agreements as previous studies have been overthrown. Have a look at GEV's Maurice Brand preso to see where gas is headed.
Australia is short on Gas.
It is back to business. Lock in BUL.
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