“From the day Origin boss Grant King officially called off merger talks with AGL his stock has outperformed his would-be suitor by some 18 per cent and the market by 6 percent.
Just why that has happened is explained by several factors, but probably best illustrated by what has happened to the prices of other coal seam methane gas producers.
So far this year, Molopo is up 615 percent, bringing its 12-month return to 728.9 per cent, Arrow Energy is up 124 per cent and its 12-month return a stunning 374 per cent, and Sunshine Gas is up 183 per cent this year.
The drought, global warning, the reality of carbon pricing and the drought-induced spike in electricity prices has literally put a rocket under the price of of coal seam gas producers.
Etc Etc’’
It is well worth a read of the complete article.
It will help put MPO on the radar of more potential investors and upward pressure on MPO's share price (:-)
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held