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Drilling Again Tomorrow, page-25

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justinmetals

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06/12/21

12:21

Post #: 58096796
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Originally posted by Feral54 ↑

I don’t play gas any more, I am playing MAY as I think oil won’t start to decline until 2025 and won’t get seriously impacted until at least 2030.
Much of the industrial use of gas , through the reticulated networks, is likely to defer to electrical energy as this becomes cheaper. In essence we have 2 competing networks , so even if only 20% of gas is used for electricity generation I expect renewables will eat into the gas market. In any event I don’t want to invest in a product that I see as vulnerable and from the limited number of gas plays that I do watch, like STX are all down around 50% . So I feel I am not alone.
Woodside is building a blue H2 plant in Kwinana and STX is looking for a blue NH3 plant in Geraldton. I see these as a half baked solution to the wrong problem. They have too much CH4 so let’s go half green. This begs the question of why do they have too much CH4.
Oil I see as less vulnerable in the short to mid term, renewables will displace gas more easily but even so it’s the market sentiment factor that mildly concerns me. VOGC uses $25 in ground in his valuations and I wonder if that isn’t a little generous in a world gone off fossil fuels. Hopefully we will know shortly with a nice documented discovery.

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Blue Hydrogen is a total waste of time. Also I think By 2040, provided the elite mob haven’t completed a totalitarian coup if the globe this mm climate change lie will be exposed, and gas will be a welcome member of the family. It’s going to pull half of Asia and Africa out of poverty in the next 30 years

MAY Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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Last 3.6¢		Change -0.002(5.26%)		Mkt cap ! $121.3M

Open	High	Low	Value	Volume
3.6¢	3.7¢	3.5¢	$40.16K	1.116M

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No.	Vol.	Price($)
6	670068	3.5¢

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Price($)	Vol.	No.
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Drilling Again Tomorrow, page-25

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Drilling Again Tomorrow, page-25

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