The problem here though bigal36 is who the gas contracts are with...From their own 2019 Annual Report :- "LibertyPrimary Steel, Adelaide Brighton, Alinta Energy" two of which are in the building materials game which will be heavily constrained at this time I suspect especially as the recession bites. Alinta might be better positioned but still Hong Kong based owner that is getting smashed at home and definitely here also. They use the gas to generate electricity for commercial and residential clients.. The residential will be the saving grace of these two market channels I suspect. Big business though which is good for BPT
If the clients take less gas then that is all we get..
Lets hope you are right.
GLTAH DYOR and HTFO
BPT Price at posting:
$1.08 Sentiment: Sell Disclosure: Held
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