Thanks for the graphs and comments. I figure the downside for a delay (again) could be 10-30 cents. If they say its off altogether and don't announce other gas commercialisation initiatives then it could be the latter (off 30 cents initially then a recovery to off 10-15 over time). Whereas the upside on a pipeline go-ahead (plus other gas commercialisation strategies such as liquid stripping, methanol plant or CNG to NZ later on) will lead to a rerating upwards by 30-50 cents short-term and should take the sp to $2.30+ over time. That's a 3:1 risk/reward ratio at worst and a 10:1 ratio at best (10 cents down versus $1.00 up) - and I can live with that.
H
OSH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
