From Santos' Market Update out last night (page 21) … Santos is getting cashed up and looking to find and feed more gas through Gladstone … (see last point below) … This will likely include merger and acquisition activity … Combined with Shell's review yesterday, the space just gets more interesting.
… If you've got gas available to sell (with a huge potential resource on top), it won't be too long before someone knocks on your door because they will need it for their customers …
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BUL Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held