COE 0.00% 18.5¢ cooper energy limited

Production outlook for Orbost, page-2

  1. 11,760 Posts.
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    Yes and we should expect a decent week for O&G sentiment with news of the G7 wanting to cap both oil and gas prices. This is an obvious attack on the free market and clear attempts at manipulation. Like everything Western nations have done so far to attempt to get O&G prices lower, it will likely backfire and we will probably get even higher prices in the short to medium term, especially coming into the northern hemisphere winters. Imo, you can add even higher revenues to what you have stated, since less gas supply to the international market will also dictate the price in Australia. Especially if these countries ask for more gas exports from Australia. It is going to be an incredibly tough 6 months overseas so I see this playing out and it will definitely add to the bullish nature of Gas in Australia.
 
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