I think we are on our way to fair value.
FDP,FID and 33rd round should take care of that.
All of which should be imminent.
If the market doesn't realise value beyond that then it will be of much greater concern.
Or some of the cheapest de-risked gas assets that you could possibly find...
Time is our friend here. Gradual and sustained sp increase into first gas sounds just fine to me.
I'm personally only concerned about NSTA delays impeding RR from starting the project build by April.
This seems highly unlikely but you never know with government agencies.
Short of that hurdle I believe they are ticking all the boxes in a very timely fashion and risk is soon to be very minimal with plenty of blue sky on the forecast.
My opinion only. DYOR
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