Look at Squadron Energy owned by Andrew Forrest. Planning to invest a lot on renewables with gas generators to be used during electricity peak demand and when renewables are not available. With one big obvious problem. Squadron Energy has to sourced gas via an LNG import terminal in Port Kembla. How strange is that business model. No gas of their own. Even Gina Rinehart will notice that.
Whilst Beach has lots of gas and do not have to rush to sell its gas. The scenario that Beach will be in wind energy will be a win-win situation. Regardless if the wind blows or not. If Beach can sell their gas at over $20 per GJ during peak electricity periods, Beach will be receiving gas prices equal or higher than oil price.
Beach also provides part local ownership and government connections to this new wind power joint venture.
Look at Squadron Energy owned by Andrew Forrest. Planning to...
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Last
$1.68 |
Change
-0.010(0.59%) |
Mkt cap ! $3.832B | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.71 | $1.68 | $12.04M | 7.122M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 13768 | $1.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 77439 | 3 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.69 |
Change
-0.010 ( 0.02 %) |
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| Open | High | Low | Volume | ||
| $1.68 | $1.71 | $1.68 | 1772429 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| BPT (ASX) Chart |