General chit chat thread., page-1119

Quite right @Duramax. It's not just us it's the entire energy sector. From the AFR this interesting piece today (Investors rush to energy stocks to catch boom.pdf). @justinmetals will no doubt be quick to point out that a bunch of fools have underinvested in carbon dioxide producing energy sources because of their political views. Well the chickens are coming home to roost. Underinvestment has led to under supply and an increase in cost (which is good if you own energy stocks - particularly if they are in the right place at the right time). That clinking sound you can hear is the penny dropping - gas provides an easy to switch on and off electricity supply with little to no particulate pollution and half the carbon dioxide emissions of coal (which sucks if you're a plant). And our ESG friends have scared the investors off and created a shortage for no good reason.

As I posted earlier today, some pundits predict this bull market for gas to last fifteen years. Brainless politics - but savvy investing for EXR holders.

As for the rush to catch the boom - EXR has a long way to run. With a potential 43 TCF of gas which if proven represents about $1 billion market cap for each TCF in the ground. Even the low end of estimate of 7 TCF gives you about $9 AUD per share assuming a billions shares (we actually have 891 million) and the current exchange rate.