The subdued share price reaction from yesterday's announcement clearly indicates the market doesn't care about Gas.
NTG has signed three GSA since April - yet none of the players involved (TBN, EEG, HZN, NZO, CTP, CUE) saw any significant uplift in their share prices, despite locking in long term fixed price agreements with AAA government backing.
IMHO this is directly related to Gas being demonised by the left, even though the penny finally dropped with the Federal Government reaffirming "...gas will remain an important source of energy through to 2050 and beyond."
Whilst its likely we won't see any upside from this significant deal in the short to medium term, the market will not ignore the earning and dividends that will follow through the life of these substantial agreements.
Patient capital will win in this case.
GLTAH
CTP Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
