Cooper Energy should keep a sizeable portion of reserves for spot pricing in future gas field development. Renewables will cause gas consumption to be reduced but when solar generation is minimal during a Melbourne winter, gas either through heating or electricity consumption to create heat is still going to be needed at a very, very high premium.
FYI - two months after the UK lack of renewable generation a natural gas crisis ensued, the Russians started mobilising for war. To date China has committed to build the world's largest LNG storage facility. Natural gas is crucial for energy and food security, logically this is part of the reason for the Ukrainian conflict.
Cooper Energy has so much potential, with over 40% institutional ownership I think retail investors haven't understood how undervalued this company is.
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