Guys speaking to a few industry participants lately there seems to be a big realisation on the damage to supply the interventions are causing adding to a poor supply outlook. Both Bowen and albanese have come out talking about the importance of gas and encouraging gas supply and the Aus govt has also been criticised on their gas intervention by both Japan and Malaysia . Warnings or brown outs from this year and black outs from next also been made by various industry players . Albanese saying gas companies should be allowed to allocate capital to wheee it is most competitive
not only will this reverse the potential impact of the reasonable pricing mechanism but I think it’s likely to put the focus on exactly how undervalued Comet is
compare production rates of comet wells to some other prospective small cap gas producers and its chalk and cheese . Comets wells producing 3-5 times as much
COI Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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