The current sector carnage will be beneficial to producers in the medium term (3 - 5 years) IMO.
Barely any new projects are going to get FID this year in the current climate. Its 2019 all over again.
This then allows those with supply to make a killing when things pick up. This may not be until 2026 but as 2022 showed, those who had product did very nicely.
Current price is $2.90in old GXY money, gee thats April 2021 pricing.
Now I am not keen on the merger or the Management team, but the assets are world class IMO.
Where will the SP be in 18 months is what I am working on, and I think it will be a fair bit higher than currently.
Moved to BUY
General Discussion, page-1657
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