Just read an article in today's Australian regarding the Gladstone gas contracts and the Chinese. It was suggesting that there were rumours spreading in business circles that the Chinese were going to default on these gas contracts. Said that due to the world surplus of cheap gas, they wanted to renegotiate these contracts. Went on to point out that this is exactly what they did to the iron ore industry, who rolled over even though they had legal future contracts in place.
This made me then think about what the impact it would have on CTP, if this did indeed happen. Would the pipeline, still go ahead? Even if it was built, would the East Coast prices being achieved by the glut that would follow, make it viable for CTP's gas to compete?
Look I am definitely not trying to downramp BUT it certainly made me start asking a few, what if's. Anybody else have any ideas how this scenario [if the rumours are correct] would pan out for CTP??
Just read an article in today's Australian regarding the...
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $40.24M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 234751 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 340510 | 1 |
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| Last trade - 15.59pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |