Associated News, page-3327

Low volume today but the SP had touched 3c last week, so already sitting 20% higher from lows of last week which had some interesting volume. My take would be a) June sales to TPS where higher than previous months and b) they are currently getting enough gas to operate TPS on dual cycle. This happened on 26th/27th June and also happening today, also some decent volume on other days too. Dual cycle had been used previously but this would have been when wells were initially recovered and had stronger outputs than what they would eventually produce at a steady state.

Talks of Callide Power Station workers going on strike, this would cause a bit of an upset in the grid and in turn some nice pricing, according to the article they are already limiting productivity https://www.copyright link/companies/energy/workers-threaten-to-grind-things-down-at-troubled-power-station-20240627-p5jp82

Bit of an issue going forward for coal fired power stations, particularly those involved with CS Energy (govt owned), workers are no longer being upskilled and work is just being outsourced to contractors. Not sure if this would possibly mean more strikes / these power stations closing earlier than currently planned but could be a possibility.