SP doubled in period early March to mid-June. After peaking at 66c (20/06) SP seems to have settled into trading range of 58-61c. Has SP stalled? I suspect it has. Trading volumes remain very high and stk is very well known in the mktplace. However, more and more of the massive oil/gas/LNG projects are having their timelines extended by 2-3 years. yesterday's Oz contained article re Shell's Prelude LNG production now starting in 2015 as opposed to the 2012 date originally scheduled. Chevron have started hinting that Pluto's completion date will be extended by a similar 3 years. I think 3 years is reasonable to assume but it could be 5-7 years unless gas prices rise dramatically. A lot of Neptune's work is maintaining platforms/pipelines already in production so delays are not serious. nevertheless, further publication of more delays will increase likelyhood that further gains in NMS SP are subdued and it is fanciful to expect recent SP growth rates can be sustained.
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