is now a great time to buy?, page-29

Fair call Denis.

But Santos and others ARE putting their money where they mouth is, and positioning themselves for the future in power-gen.

Yes, Knox is going to talk up gas, of course. But, I think he IS right that gas-fired power-gen is coming and coal, (esp. brown coal), are waning. It may be very gradual, but it is happening.

I also tend to put more weight on people's actions and investments, than what they say.

So when STO buys a stake in ESG, but says they have 'no acquisitive intentions', I place more emphasis on the investment than the words.

Y