the best csg stock, page-41

e.l.
i obviously fell into the "no sense of humour camp" when i overreacted to some of your comments!! they were quite funny really, but it is not the first time on hotcopper people have lamented my lack of staying! i do stay with some companies but csl, blackmores, dominion, bhp and cardno are probably the more successful i have stayed with for years and years , and abc learning was terrific for years but even better selling when i sold at $5 odd.

i know you probably take big licks of fewer stocks, i have a good go at about 6 or 7, but usually have 60 to 100 stocks at once. I bought some better stocks last year which i will stick with - however, everyone has their own trading phiposophy and I have found mine to be very good - and I am sure yours is . ( i have recently worked my % return on my smsf and average of over 28% compound each year for last 5 yrs is surprising considering the muck ups made and the fact that I took out of calculations the absurd return from pure energy )- the exact return is hard to calculate as it depends on how you treat your contributions - i used a 20% discount rate but it could be argued I should have used a higher one to reflect the returns i was getting. I would expect you would be one of the few on this site that would have done better-especially amongst those who adopt a longer term approach.

I have had issues with internet and depite much time with telstra and a computer technician they are ongoing so i couldnt do a lot of research for you.

You should look for the csg organisations to balance out, but on the web you will find "basin sustainability alliance" has some reasonable info about the issues - future food qld, and coal4breakfast somewhat less so but could be worth a quick look, but the latter more involved with open cut mining fights.

Bow have some leases well into pastoral country, but i see the main issue being the potential effect on the great artesian basin in that case - the maps of leases on company websites often dont show a lot of detail about country( or towns sometimes ) so i understand what you are saying. There is some beautiful soil types in cq, though not as renowned as Jimbour near Dalby where Arrow is getting active.

I dont believe csg to have a big impact on the production of the soil, although many farmers ( and i am one ) dont like the disruptions to production systems and potential erosion issues around access roads etc. The issue of the brine solution left behind after the desalinaton process is also getting some attention, once again due to the huge scale of the proposed developments.

One of the really big issues is the potential effect on other important aquifers closer to the coast -for e.g. the argument is that the dewatering of the walloon coal seams will reduce the pressures enough that overtime this will lead to a leakage of the condamine alluvial waters and/or a severe drop in hydrostatic pressure ( the walloon coal seam pressures keep the other in place albeit directly or indirectly through a complicated linkage )- the condamine alluviums serve a lot of irrigators on the darling downs .

I am sure your position from afar stance will likely be right in the long run, but I am talking to people all the time who have these concerns and i share some of them. Like i said, i have not seen any government program that could be one twentieth as effective for regional development as the coal seam gas industry has been, and it has made it hard for farmers to compete for labor ( hence a bit of antagonism would be expected i guess ) . It has also meant a lot of smaller farmers have been able to keep their farms and get good off farm jobs!

I am sorry i do not have the answers, though i have heard somee good arguments put by the csg representatives _ i just hope we can have a successful csg industry, but personally i think the scale of the proposed developments if they were all to go, are too big too soon and a bit too risky - yet!( until they find a way of returning the water/and or getting the gas without having to remove nearly all the water).