To a certain extent he is right - Nexus was about $1.40 in October 2006 and is now only just under $1.90 a share with a lot of fluctuations along the way. QGC in the same time has more than increased 4 fold, MPO has more than increased 4 fold etc. I have taken profits along the way in Nexus and now only hold 1/3 of my peak holdings. CBM is cheaper and easier to develop and is exploding in interest. The risk profile of each drill is also much lower, if one or a few holes are dry it doesn't kill the share price like what happened after Crux 2 for Nexus, and Basker 6 with Anzon.
A good mix of CBM and LNG/condensate assets is a prudent thing to do. Diversify risk/reward.
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3 | 77961 | 0.185 |
5 | 80233 | 0.180 |
2 | 21000 | 0.170 |
1 | 3800 | 0.165 |
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