great buying!, page-67

traders all over this remember a few weeks ago we hit 47 then down to 21 , this is just a repeat of that. If your in for the end game relax dont refresh every 2 seconds checking the price. If your trading a short term profit I would be out now for a re entry in a week or two before the next wave.

In all seriousness there was nothing in the ann to put a floor under MAE, fact is the US and oz gas sectors are 2 diff things. All the current buyouts here reflect projects for both domestic and export MAE is only goin to be used for domestic use. The domestic market is screwed in the US they have ample supply of gas and many projects in the pipework. People say people will always need gas for heating etc its right but there is by no means a shortage atm.

IMO the US gas market could be weak for up to 3 years and the US will continue to deteriorate over the next couple years whilst oz , china etc decouple further and bounce back.

Thats the biggest danger i see with MAE regardless of prodcution figures etc 20mmcf per day still isn't great when you could be getting $2-2.50 for sales and there is certainly no push to develop gas projects esp when companies are deferring capital expenditure. The size of MAE play also means that if they were to develop rapidly they would be increasing supplies into a weakening market.

my prediction, sale unlikely i reakon they will find a partner and do some minor development. If we do sell now i think we could be short changing ourselves and the only reason to buy MAE now i can see is to accumulate reserves for later production in years time. Maybe a strategic purchase for when the new pipe installed and the market recovers.