Agree with what you have said Jake, however imo BMG was the as you say the 'big baggage'
COE has been unshackled to a fair extent, also now more attractive TO
I figure the 10% loss would /should have been factored in, so if they get it well done, if not then I reckon gas usage, prices, contracts will cancel it out in future
JMO
GL
Market Talk, page-3
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