From Sam Berridge Victorian spot gas price hitting $18/GJ this week must have scared a few people, resulting in the mother of all back flips below.
Too late now. The $12/GJ price cap resulted in all the gas producers cancelling their drilling rigs, which won't be back until next year, earliest. That means no new gas until 2027, and that's only if the Federal Government gets out of the way.
"Ms D’Ambrosio also told a parliamentary hearing that no onshore gas exploration permits had been granted in Victoria since Labor came to power in 2014." - whoops
From me:
Labor under Dan Andrews will be remembered as the Govt that destroyed Victoria. Blackouts incoming and debt soaring, Vic daily interest payments in vicinity of $30m. Seriously, F**K Labor!
COI Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)