oversold

The entire Coal Seam Gas sector is like the Tech Bubble.

It went up too far then it went down too far. After some time she came back up to reasonable levels.

Coal Seam Gas assets have been oversold IMO and Blu is a prime example.

There is a lot of excitement around Shale Gas but costs in Australia make extraction of Shale Gas almost uneconomical especially compared to the U.S.

Australia is a joke of over-regulation at all levels, to the point of suffocation. Socialism on steroids will prevent us from ever developing as a nation.

I know, Blu has some Shale Gas assets also but I still think after the reserves certification, gas is gas and location here is an advantage in a super-tight gas market.

We are so, so lucky those big LNG projects got F.I.D'd before the government could shut them all down. Thank god QLD was one step ahead of that Gasland Movie and Drew Hutton. :)

It's all positive for Blu in the big picture.

In the short term, 3.6 cents? Pfffgh! Bargain!

Disclaimer: not professional advice :)