What many people may not realise is the short term outlook for gas contracts and the demand that is going to be created by the CBM - LNG projects.
In short, gas prices in Australia are set to increase and increase substantially. All the old contracts written years ago by Santos and Delhi are comming to an end. They will be renegotiated to internationally competitive levels.
This has not been widely publicised as politically it would be dynamite. Doubling or trebling of gas prices. Very unpopular. However, if companies in Asia are prepared to pay for LNG from CBM via LNG, it will require Queensland CBM gas and possibly gas from the Cooper basin. Where will the companies sell the gas? Locally or internationally. What would you do? The LNG infrastructure will be built and the government will implement a carbon tax on coal and bingo, gas prices soar as will electricity prices.
Re election of the existing government will give it the mandate to inplement a carbon tax and it will need the revenue after giving so much away in the recent mining tax farce.
The Carbon tax will be disguised as for the benefit of the environment, which would be great, except the revenue will go into general revenue and not into energy solutions.
To all those BPT holders, be patient, it will be a multi bagger from the existing price and it has so many opportunities going for it as mentioned in my previous posts.
DYOR
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$1.15 |
Change
0.055(5.02%) |
Mkt cap ! $2.623B |
Open | High | Low | Value | Volume |
$1.11 | $1.15 | $1.10 | $9.107M | 8.014M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1662 | $1.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.16 | 48667 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1662 | 1.145 |
3 | 19979 | 1.140 |
2 | 89865 | 1.135 |
5 | 108665 | 1.130 |
4 | 48515 | 1.125 |
Price($) | Vol. | No. |
---|---|---|
1.155 | 48667 | 4 |
1.160 | 219407 | 5 |
1.165 | 96765 | 4 |
1.170 | 41503 | 3 |
1.175 | 43334 | 2 |
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