Moonclouse, Tend to be in agreement with your statements but I wouldn't hold my breath for further consolidations at this point.I think most of the consolidations that were going to occur, have already happened. Also I believe that the news coming out of the states and China s worse than expected, and look for a prolonged slump in economies around the world particularly in Asia which will eventually work its way here.
A lot of majors are pulling back on some relatively major projects, sort of developing a let's wait and see attitude. Declining demands in oil pricing are going to translate into slumping energy requirements and obviously lead to softer prices both gas and LNG in the near term.
Cheers, Daddy
BUL Price at posting:
14.5¢ Sentiment: Sell Disclosure: Not Held
