Jake,
Imho I reckon the banks will pay for the pipeline. SXY can easily show that a pipeline pays for itself versus trucking. Plus you have the security of supply if another flood comes along.
SXY has some huge cash flows to look forward to. I would be dissapointed if they went to the market now for a capital raising unless it was for a big project or takeover. I would be surprised if it was a jv with Beach. I know Cooper Energy is in 'play'. Any thoughts on this??
SXY has a very powerful board/management and clearly have a growth strategy centred on the Cooper. Santos also likes the Cooper. Let's get in now before the likes of STO or a BHP take us out. SXY is going places.
The world may be going into recession but one thing is sure. It needs all the gas it can get. Conventional oil is declining at over 6% per annum. 16 of the the top 20 producing fields have matured and are in decline.
The Golden Age of Gas is upon us. And SXY is getting Gassed up.
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