Where the markets are going seems to be anyone's guess. Gas and Coal have been forecast to be a large part of the World's energy mix in 2030 and beyond. But all the uncertainty over Climate Change, China etc have produced extreme at times volatile trading. The 1974 oil crunch is a good reason for us not to go back to relying on the Gulf for it. Making cuts to emissions to counter India's desire to go ballistic ( or is that Global Politics) on coal at 1,000Mtpd would have to be extreme.
If one cuts and run on STO where is there to go with a certain upside? Banks like the Commonwealth are heavy into home loans apparently. If housing is a bubble then CBA is not cheap at the current price but maybe STO is.
In here at $5.94, glad I sold off a different PF at 11.00+ and did not get back in until it was in the 7's but it's still a gamble here on gas being king once again cf coal.
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