PWN 0.00% 0.8¢ parkway corporate limited

PWN Valuations with QGC/Shell and Beyond, page-17

  1. Mer
    1,312 Posts.
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    Yeah - the gas hookup could be good financially, but otherwise might not be the best partner to jump into bed with. Unfortunately, PWN ain't exactly flush with offers. What seemed to be a wide field of keen would-be customers has narrowed over time and here we are.

    PWN can clean up the brine mess, but they've allied with an industry that's climate-change unfriendly, an industry that's unpopular with a lot of the public. Shell might reason they'll get on with things and forgo any sort of publicity, just to keep attention away.

    Me, I wish the first gig wasn't with such a political hot potato. If PWN supports or enables new gas development, I'm not even sure that ESG friendliness can be claimed. Could we end up with contracts that we don't want to make a noise about?

    I don't think this is green madness. They'll be taking the chance to make a bit of noise, grab some attention and see how this thing runs politically and publicly. A multinational, selling resources overseas and making massive profits while polluting the local environment and contributing to climate change. Meanwhile, the locals have to put up high domestic gas prices. It's not a good look.

    Cheers



 
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