the best thing is the leverage from current gas pricing. Think about all of the gas producers that have had to contract their gas at much lower prices than we see today. This could be a huge boon for eeg if prices remain elevated. Zero commitments so far in terms of hedging so those free riding banksters and hedgies looking to secure supply at cheap prices will have to pay up. At least that’s my thoughts anyways.
a partnership with a major Australian infrastructure player I think speaks volumes for the prospectivity of the Beetaloo. The government has put out pie in the sky numbers as high as 200,000pjs for the whole basin. Imagine just 1% of that for eeg.
been trading this for years now but I think it’s time to hold on and load up on dips. I’m doing that now having averaged up recently at .36.
gltah and dyor
EEG Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
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