I’m absolutely sick and tired of the completely uninformed, ignorant rubbish that is consuming what used to be enjoyable reading on this forum. I feel for us long term holders, we need to keep our eye on the ball and filter out the lies and half ass factually incorrect back of envelope calculations tt2000 is using to weigh up this good company.
There are a few things we really need to focus on
1- the price of oil.....sxy does and has for ever in a day closely followed the oil price. Donlald trump and US shale have been massively destabilising for world oil prices and will continue to be. The potential impact to world oil demand from these trade wars is substantial and in my eyes this is a reason any big fund like paradise would sell down a holding in a mid teir Oiler like sxy
2- federal energy policy....this is the one that is bothering me the most. For a supposedly economically liberal government, any decision to use the heavy hand of regulation to restrict an open market which has taken tens of billions of dollars to build, with the full concent of them in the first place is total bullshit. The impact to sxy in my eyes is if there are any substantial volumes redirected to the domestic market it may inhibit our ability to find a home for all our unconracted gas at the prices we are banking on.
3- coe vs sxy. These two make up 75% of my portfolio. Coe plain and simply is sailing ahead....at the moment, because they have 75% of sole under long term contract in which from a risk point of view is nearing completion.....money is ready to flow. We are still a little way off this yet however as we move closer, this will be reflected by an increasing share price. coe sits in a market where there is very little development/supply outside of those dumb import terminals whereas sxy is a little fish in pond of big ones. In my opinion this fact will seal our fate in the not to distant future.
Successful investors require patience and that is why people like tt2000 will never be a successful investor. This is a well run company on a long term mission to supply a product with an ever increasing demand so turn up the music and enjoy the ride!!!
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