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7.14%

5.2¢ blue energy limited

Thank you so much el tigre. Appreciate your advice :-)

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MarketMechanic

53 Posts.

1

05/03/17

15:14

Post #: 23108726
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Originally posted by el tigre ↑

Hi there Mechanic,

Yep, BUL is CSG play.

I haven't seen the report but I'm sure I've seen and read similar. And no doubt about it, methane is shocking for the environment.

But as usual you will get very different sides to the story. There is the right wing industry mob who are emphatic that the methane entering the atmosphere and water table is minimal as the leaks are isolated. Therefore CSG is safe, problems are rare, jobs, exports, win etc.

Then the green (lock the gate) mob, who will jump up and down at the slightest difference to the environment and tarnish a huge industry on a rare occurrence. They will call for bans and moratoriums until conclusive evidence is obtained (this may or may not be possible) and yet meanwhile expect the joys of energy.

None of this is new and a TV show isn't going to have any real effect on the market unless it brings some new information to the table. BUL is a very speculative play, it's unlikely to move in a steady trend line.

When investing I try to stay impartial, look past all the bias (which goes both ways) and focus on the business and return on the investment. Unfortunately it hasn't worked for me on this one...

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Thank you so much el tigre. Appreciate your advice

BUL Price at posting: 4.0¢ Sentiment: None Disclosure: Not Held
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