It's a bit of Occam's razor argument with some antidotal observations which have come my way.
it goes a bit like this
why would a ruthless, oil/LNG co leave billions of dollars of turn over and profit per year for over a decade, when for a few hundred mill they could of captured and developed the mahalo fairway, which for all indicators are pointing to be a very profitable, large scale and sweet spot fairway?
at some point, I don't the market is fully informed about either STO demand for gas or the profitability of the mahalo field/s
personally I'm a bit sus on anything sto do or say. For competing cash and project priorities, their legal fees of the barossa disasters alone would of bought and built mahalo. Maybe it's 2020 hindsight or Monday morning qtrbacking, but underperformance of GLNG for such a long time, at a certain point, I'm no convinced it has capacity
COI Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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