david 25if it matters, bhp has always been my core holding and i...

david 25
if it matters, bhp has always been my core holding and i have around 5000 of them with no plans to get rid of any as they appear to have a product for any markets energy or commodity needs. my stake in mel is considerably lower at 100000 shares at about 42c each, but i do believe it has the ability to deliver some decent gains when key projects like the lions way pipeline and the power station are completed. i have also factored in their potential as a source of supply for some of the qld based companies with contracts, when the pipeline infrastructure is online. i think the sp is lagging due to the time being taken to set everything up and the neg publicity around the sector at the moment. i suppose i have taken the judgement that with their proven reserves in the CMB (largest gas discovery in nsw), a new govt in nsw, the potential of a carbon tax coming, the projects happening at the moment and a new MD that things should start to get a bit better. my stake of around 42k is probably not considered much to other posters but it is a fair amount for me.
jd

holding- bhp, mel, lnc, prr, isf, wbc, idl