STO should do well out of Friday's COAG and Michael Vertigan inquiry D-day with the report due Friday, SXY, BPT, ORG upstream and BPT will either benefit massively with AGL and APA looking for mergers and synergies to simply survive.
If downstream is hurt due to upstream pricing concerns, industry consolidation will obviously occur, energy imports from Australia will decrease and energy security in Australia will be in hands of politicians historically unable to provide energy security see SA blackouts, Victorian energy prices and unobtainable QLD renewable targets IMHO but pls DYOR.
Any decision in favor of APA, AGL and ORG downstream may hurt STO, SXy, BPT, OSH and AWE where capital and cash flow will be key, SXY might be the best of the lot IMHO due to their lower debt but it will not be too flash IMHO but pls DYOR.
Dr Vertigan's background at Aurora Energy and receiving an OA and other support from the Tasmanian/ Victorian State Divisions of the LNP may him unlikely to favor downstream at the expense of upstream but that is what the market is thinking with AGL and ORG up, APA resurgent and STO, SXY and BPT unjustifiably low given the POO.
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