Lots could happen between now and December. (Not predicting they will). 1. Mongolia could show good gas flow and be worth 10cps to TPD. 2. STX increases reserves adding 40cps to STX (and so 20cps to TPD) 3. BPT bids for STX to increase its reserves. 4. STX sells a gas field for cash. 5. Walyering gas finally flows.
For me, the one to watch is China iron ore demand. China's population and economy is shrinking. It is possible for iron ore price or volume to sink below breakeven. How will Gina/MIN respond? Hunker down or get aggressively into gas? If they withdraw, bring on STO and BPT?
TPD Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
