STX 4.35% 22.0¢ strike energy limited

Pivot fertiliser plant closing, page-10

  1. 1,128 Posts.
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    Not sure I agree. They aren’t burning coal as you say but have an end to end process which can deliver some much sought after products and deal with the carbon issues.

    Anyway my point was that both were all out energy companies that have reinvented themselves as urea makers.

    Sure LCK has dirty old coal which you would think is out of favour and in 5-10 years will be banned if we could. The plan started with producing syngas which is as you state very carbon intensive and faced with the current Net Zero trends transformed themselves into a urea manufacturer with power and hydrogen as byproducts . On top of that they will be Net Zero by early 2022 which is promising a lot but if achieved will make their shares eligible for green funds.

    At least there are no uncertainties around gas supply!

    I hold both LCK and STX and am more confident about the LCK promises being realised at the moment.
 
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