Gas demand is only increasing

My two cents - Yesterday was a good start to building a new base around high 30's low 40's as profit takers cashed in, but the outlook and fundamentals for SXY to help meet the east coast and LNG demand only look better and stronger every day.

Volume was strong at 16.0M shares traded and the range was 0.370-0.405. The sooner the weaker hands fold, the more likely we'll see another significant step up.

I believe some small institutional buyers are starting to move in on this gem, but not the mega super funds yet (due to their ASX200 requirements), but pretty soon we'll hit the mid 40's and will be lined up for relisting on the ASX200. That's when we'll see SXY fly with volume and demand picking up at a phenomenal pace.

Buyers to sellers ratio still strong at around 4:1