"Ignoring relevant information because it clouds those blue skies is not my style.
Yes, including ALL relevant information. Important information such as who Citi is representing. And the fact that Santos have already demonstrated they do not have enough gas and so need to buy it.
Alley, your esteemed leader has already admitted on HC that Santos want to use ESG gas for GLNG. Why would he do that if they have enough in the Cooper basin?
It is just tyre-kicking and talking down the Santos need for gas, and hence the negotiating position vis-a-vis ESG.. Nothing more.
If you guys at Santos have enough gas, great! Go your hardest in the Cooper basin and try and convince the offtake buyers for Train 3 that the Cooper will support your third train. Good luck with that! lol. Kinda hard to sell gas you don't have...
But don't expect ESG holders to roll over because Santos claim they already have enough gas. That is rubbish, and you know it. And David Knox knows it too.
Yaq
ESG Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
