The timing of the incremental expansions is perfect. Relatively low capex, allowing for balance sheet strenthening even at a time of low oil/gas price. Wind the clock forwrd 12-18 months and production will be materially higher, and recovering oil prices will drive LNG and domestic gas. SP still not appreciating the value of this play, but it progressively will as forward curves move and free cash flow materialises per several of the previous posts 45-50c in 12 months is quite achievable.
SXY Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
