Yes, I saw this the other day. Probably part of the reason IOG is a bit weaker at the moment, although they have been very unlucky with gear break downs and sea floor issues.
From an investing point of view, I have always looked to USA for macro trends, and I think the current price of Natural Gas there is the likely driver of renewed interest in global gas companies going forward.
The biggest gas play is a company called Cheniere (Code LNG.AME) and has performed extremely well in the last 2 years,
Add that to the current performance of XOP, the oil and gas exploration index in the US
and the price of Natural gas in US
And then put that against our own Oil and Gas index the XEJ
And you can see we have ALOT of catching up to do.
Word of caution: this is all macro stuff so some info may be more relevant the other info, but you get my drift. Oil and Gas is still an investable space (as you can see in US) and our index and energy companies will play a big catch up once the arbitrage is spotted by some big boys.
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