APA in Australia and Gazprom in Russia / Europe.... Nothing in...

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Amused observer

12,193 Posts.

438

04/01/15

23:03

Post #: 14534846
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Originally posted by JCoure ↑

Re relevance, viability of LNG in Qld is definitely IMHO relevant to a midstream player like APA & viability of LNG upstream will be affected by GSB & CB if it become viable IMHO. I exclude US shale from impacting APA as Texas is a bit far away from Asia in terms of costs + contracts. Cost of gas vs electricity is relevant in terms of climate variability to APA i.e. would AGL be better than APA as AGL is now electric & gas vs. APA a gas only play

Re 2: According to The Press, a FXJ publication (knocking off NWS in sensationalism to sell more newspapers in Chch/NZ), & its topographical maps, potential long term flooding caused by 2nd event in 2011 will not only impact Chch but laterally i.e. the flood & subsidence in water table (due to seismicity in 2011) affects all South Island & surrounds, nothing directly due to seismicity in future or directly from seismicity in 2011.

Re 3: Unfortunately, as earlier, Amused Observer, North Sea is investment rich with EU/UK/ Norwegian interests deploying from 80s to now with exploration costs no issue & Gov'ts (led by Thatcher (for BP,RDS), Mitterrand for Total S.A., Norwegian Social Democrats for StatOil) making re-elections possible from their R&D support, tax breaks, social programs for Scotland etc. In NZ, nothing like that will come i.t.o investment, tax breaks, R&D grants or anything else will b close to North Sea.

So IMHO APA is pretty safe in terms of being a midstream player in Qld/ SA/ NSW (GSB & CB r longshots due to lack of investment as described above), except for electricity considerations in which case AGL not APA is the buy long & hold but as always pls DYOR.

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APA in Australia and Gazprom in Russia / Europe....

Nothing in NZ and I agree the cost hurdle is prohibitive but such a shame. Taranaki had Muldoon, Manapouri (if you want to go back that far) spanned multiple governments...today there isn't the support, even though Key comes from Ch-Ch and English from Southland.

CB and more so the Chatham Rise will have to be the recipient of CRP attention instead.

Cheers.

APA Price at posting: $7.49 Sentiment: None Disclosure: Not Held
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