I also bought BPT, because I was excited about Waitsia Project. While I am disappointed with this mornings news, just remember whatever the cost blow-outs are, BPT, are only liable for 50%, the other 50% Mitsui joint partner.
As, renewables are the future, and gas important in the interim, makes a lot of sense for more M & A, as Govt may no longer allow any more new PELS.
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