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29/01/20
16:51
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Originally posted by drg
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Well looks like the SP wants 30c... important level for SXY that it has bounced off a number of times since 2017. Any dip below 30c has normally presented a good buying opportunity as it has been short lived, normally followed by a decent rally. Anyway going to be a few interesting weeks.... also have the half yearly coming up in Feb. Can't help but think the uncertainty around the national 'gas reserve plan' isn't helping our SP, or possibly anyone looking at SXY as an acquisition. I thought the O&G sector might outperform this year, still early days and things can change quickly but not off to the best start.
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can anyone explain to me what any gas reservation policy has to do with a company that keeps announcing it’s natural gas sales agreements with local businesses?