guys one has to look at the valuation assumptions to determine if Comet have an issue . Reading the recent Petra broker report that has a 42c valuation, the LT price assumed is 12 per GJ. This move will do nothing but impact medium term gas supply which supports Comets profitability. Then overlay that with Australia’s biggest proposed offshore wind farm being thrown an environmental curve ball due to some rare parrot and one can see we gas ain’t going anywhere, are we are being presented with a great LT entry price
COI Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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