Sorry perhaps i should of better explained myself in regards to AOE's Bowen permits. In terms of LNG they are worthless given the distance from Gladstone and the cost of building a pipeline. The Bowen does contain a lot of gas, but does that gas have a market where AOE can obtain the same kind of value they would get from feeding it into an LNG plant? The gas requirements from power generation and the domestic market will never compare to those of a LNG plant.
As one would expect, any employee of a rival company is not going to present a fair and balanced view of any competitor, this is a given. But there is always some truth to the criticism even if it may appear unfair.
In light of this my view on BOW has changed considerably. But for now I will continue to hold because I can see a lot more upside with the CSG sector back in focus.
s.loeb
AOE Price at posting:
$5.17 Sentiment: Sell Disclosure: Not Held
