coal seam gas quiet achievers, page-10

"(Still, I am planning to buy back into BPT ... assuming oil keeps bouyant in the short term. I don't have a buy back in sp target yet.)"

Captain,

Forget about the oil for the time being because Gas is the current flavour of the month and, you never made a mention of it in your post.

While the oil is a good thing to have, make no mistake about it, gas is what the world is screaming for now.
With the clean energy factor, the green environment, the potential it carries, the LNG conversion capabilities, the green credits and all the rest that goes with it, is it any wonder.??

Also don't forget that 6 gigajoules of gas are/carry the equivalent of 1 barrell of oil, so, if you do the calculations, as someone did in the weekend australian, the price of gas is at a ridicolously low price. The Australian quoted the price to be 1/16 the price of oil, on an equivalent price, lol.

Hence the European wanting to jump aboard now, while the going is good and not too tough.

IMO, when people realise that BPT has a lot of gas both in the ground with AOE and in the BMG project with AZA, they will rerate it accordingly.

So, IMO, I would not dream of living the Beach at this point in time.

Think about it.

My financial planner told me quite a few times that I am too heavily invested in the energy sector, and I have told him all along that I was very comfortable with it. He replied I was mad. This morning we are having a cup of coffee together, and I will remind him of my thoughts.

Buddy