Thought I'd repost my shale gas research for anyone who missed it in the pre open thread what a powerful sector
Being the start of a new Quarter thought I'd do a review a 3-6month review of the Shale Gas Sector and see the low price the high price and the current price of shale gas stocks
CODE / Low / High (gain) / Current (gain) BRU 52c Oct / $3.85 (740%) / $3.32 (640%) NSE 30c Jan / 81c (270%) / 74c (250%) DLS 40c Oct / $1.58 (395%) / $1.54 (390%) SXY 40c Oct / $1.22 (305%) / $1.05 (265%) CTP 4c Dec / 11c (275%) / 11c (275%) NWE 3c Jan / 9c (300%) / 7.1c (235%) OBL 2c Jan / 10c (500%) / 8c (400%) KEY 1.5c Feb / 5c (335%) / 3.9c (260%) TSV 1c Mar / 2.1c (210%) / 1.8c (180%) GRK 0.5c March / 1.5c (300%) / 1.1c (220%) TTE 0.7c Feb / 2.2c (315%) / 1.9c (270%) BKP 0.8c Dec / 2c (275%) / 1.6c (200%)
What's clear from this analysis is that basically every single Shale Gas stock has doubled with a few trippling and some even going up 4 fold and then there's BRU almost a 5 fold increase.
So any stock in the Shale Gas sector in Australia that hasn't doubled and has decent projects can be considered to be cheap given the huge sector re-rating we have seen. Even the ones with average prospects have doubled so I'm probably being conservative there
