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Short term Weekend lounge 17th-19th March, page-133

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Anton Chigurh

13,097 Posts.

236

18/03/17

14:52

Post #: 23452983
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Originally posted by strauss ↑

Blind Freddy could have seen this East Coast Gas Crisis coming,

How did we get here? Simple Demand and Supply

A huge increase with Demand as all these East Coast LNG Trains come online

A reduction in supply and huge reduction in exploration due to a collapse in Energy prices and a Draconian exploration ban imposed by the NSW and VIC state governments

The voters of NSW and VIC will be hardest hit by soaring gas prices so wonder how long before these governments do a backflip

The question as an investor though is could we finally be at a point where the market runs with the theme?
I think we may be there or very close the trigger being Prime Minister Turnbull holding crisis talks with Australia's Major Gas Companies and more and more articles on the situation appearing

Also starting to see the first green shoots with stocks such as CTP COI AJQ BUL all moving on this theme

ICN my pick given it has 33% of the largest undeveloped Gas resource with BPT but they are still fast asleep and not exploring yet, I think it comes down to BPT and what they want to do, was also made aware of another possible play RLE by another member seems good and they are actively exploring large gas resources

STX seems pretty heavily valued for what they've achieved so far

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Your bravado is delicious, Straussy
1 Upvote

0 Great analysis

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