With Rudd gone, one can expect a more rational approach to the switch from coal to gas, under the climate change imperative.
Meanwhile, when the dust has settled on everything, BOW will hopefully be emerging with some decent 2P numbers to go with the impressive 3P ones.
Makes sense for any PRRT/RSPT pricing point to be linked to the domgas price. It would give the LNG exporters an incentive to keep the domgas market well supplied, at moderate (but OK) prices.
EL
BOW Price at posting:
$1.17 Sentiment: LT Buy Disclosure: Held