that just seems to be the pattern of this creature, as like a lot of other energy and resource exploration companies, i don't mean COI being an exploration company because they have a proven reserve. And an agreement of sorts to supply gas.
It seems that global warming and the transition off fossil fuels has never really been bigger as the flooding continues overseas and droughts and last night some media outlet maintained the artic sea ice is melting at a precarious rate. I'm not looking for a debate. That sort of stuff goes around and around more than a whirly gig. Sick of hearing about it.
But when you think about it if Australia and lots of other countries are going to take in mass migration numbers because of climate change, then in practicality you need even more energy supply which simply is demand, demand to make housing products, refining, food to feed, comfort, ETC ETC.
The argument for a supply shortage becomes more real as the transition movement gets bigger because we here in Australia are at least 5 to 8 years away from creating to a 3/4 stage reliable grid system to take the change. Could be longer if the investment or money goes elsewhere like Japan has indicated to the federal govt in regard to gas export, last year a 10 billion dollar industry here alone In Australia, simply without energy, so much more than we have now, the transition dream will remain that, without the export market that feeds the Golden Goose of the lucky country, we become the poor country because of red tape, and sets us back even more.
Too much unsure stuff happening, and i guess until it all changes COI will just meander on the same price. Something good will happen one day, month or years from now i guess
COI Price at posting:
17.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)