Further to that, and at the risk of talking about something that might be unrelated to stocksthe O&G companies are being interrogated to bring more gas into the domestic market. The O&G companies will not like that because it means it will affect their profits, but, moreover, it makes us an unreliable supplier. Call it sovereign risk if you will.
The alternative would be to allow the O&G companies maintain their current overseas contracts but be allowed to explore more by removing the moratoriums in Victoria and NSW. This might be forced onto the state governments who will be dragged in kicking and screaming and made to comply for the good of the nation and good for us.
It will be interesting to see how this plays out and much to the disgust of the wokesters and greentards Labor thus far are making the right noises and it's a good excuse for a bit of a reset and rethink. I can just hear it now "As much as it pains us we will need to open up for exploration blah blah blah...
Time will tell.
Cheers
BW
beach is a strong buy, page-105
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