read an article in todays Sydney Herald about Woodside in California,it states that looming gas supply shortages in California had been allayed due to an increase in shale gas & coal seam gas production in the US. US gas prices have been falling also because of the downturn. Also mentions a LNG terminal operator in Texas was attempting to reroute planned gas imports to export markets. Not much point in spending precious cash on someth ing that's not required at this stage & under price pressure. Very prudent & wise to save the cash. broosa
TEX Price at posting:
3.3¢ Sentiment: LT Buy Disclosure: Held
