Many thanks for locating that post; I don’t have the smarts to do it.
The part that I wanted people to read was this
"If you must invest in the coal seam game, do it at the exploration phase. This is where fat and fast profits can be made … plus there is the excitement of being involved in the modern-day equivalent of a wagon race across the Queensland outback.
But, once a coal seam gas company makes the move into the difficult business of gasfield development, and the even more difficult business of converting coal gas to LNG, get out.
Or, as Goldman Sachs said in its warning note: “We believe global demand for energy will drive the coal seam gas theme. However, we caution investors to beware of the risks involved; in particular where unrealistically high premiums are paid for coal seam gas assets that are yet to be exploited.”
Hope it helps
CB
CTP Price at posting:
17.1¢ Sentiment: Hold Disclosure: Held
