Was at the meeting.
Pretty mundane. Bla Bla
My Opinion
Deal good for AGL more so than QGC. Average Gig price for deal is around $2.90 where gas is trading 3.20 to 3.50 down south. I know they are not interconnected by pipeline but would of thought AGL would pay a big premium. Did you know Gas will gets carbon credits.
This is why QGC and other CSM companies will grow. ( Go MPO )
This is win win for AGL short term / Long term and only Win Win for QGC long term.
A figure of 2.00 plus could of been done short term for QGC. But not now. AGL will sit tight as they now have the guaranteed gas reserves they DESPARATELY needed.
Yawn it's the bottom drawer for this stock. I think the fun is all over for now.
QGC
queensland gas company limited
