you think the US will simply hand the super power crown over to china? i think not. The US dollr is still the worlds reserve currency and it wont be the yuan anytime soon. China economy is still way to immature to be the engine of the world and private investors aren't keen to invest in a country where the government can simply change the business rules as it pleases with no complx law system etc. The western world has been playing this game for over 200 years China has been in it for 2 decades.
I still think there could be big troubles ahead and i would like this MAE deal done before xmas reporting in Jan. We could still see dow at 5000 oil at $30 and gas at $3-4 in the short term.
That figure of 7.5mmcf to stay even increases as the gas price drops also those figures been thrown around a couple days ago about EPS etc etc aren't accurate you use $USD gas price an $AUS based share price? in fact the figure would be much more encouraging when you take exchange rats into account.
MAE Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
