Suggest holders read article on page 18 of today's AFR and the following from bloomberg:
http://www.bloomberg.com/news/2011-10-18/el-paso-s-juicy-u-s-shale-gas-assets-may-attract-reliance-occidental.html
"...natural gas is going to play an increasing integral role in North Amercia.....burning as to fuel power plants emits about 44 per cent less C02 than coal"
That's 3 of the industries biggest players over the past 3 months reading from the same song sheet. So US gas M&A now stands at a whopping +$60B investment.
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1 | 10000 | 0.053 |
4 | 576546 | 0.052 |
3 | 441983 | 0.051 |
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0.056 | 100000 | 1 |
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