At least some good news on GAS with BHP looking at selling up and moving on from Bass Strait (Released as news 18/8/2020). Bass Strait gas supplied 40% of domestic markets. If this is now on the decline, where does gas come from to cater for the domestic gas market?
I would say with confidence, Queensland gas fields of which Comet can assist with.
Perhaps gas prices may be low at present, however a new chapter for gas may be opening up again and anyone who is advanced with gas fields may just come out as winners sooner than later.
Personally I think Comet is in very good shoes and ready to capitalise.
COI Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
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