Yes, hearing the same Auto and based on what I've digested from the east coast gas market's sentiment I tend to agree. Below I attach my post that I had posted on the other COI thread this morning.
I just find it amazing that the intervention by the government has created greater angst for suppliers and the industrial end users of the gas. As mentioned in my post , spot prices on the East Coast market are higher than the netback prices (the price the gas could be sold for overseas).
COI has a lot more room to run, amazing that it traded at 11.5c-12c only a few weeks ago..I think people will be scratching their heads as to why they didn't load up or why they allowed themselves to offload the shares sub 13c.
COI Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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