A merger between Arrow and any of the majors should be a good thing for TTN and any other service providers. It gives increased certainty of reserves for the particular project and strengthens the case for an additional train. This all means more wells to be drilled. If Arrow attempts to go alone their LNG plant could be many more years off and as such the quantity of wells they drill would be less.
TTN is my only mining related holding. I've got a bit caught out with this one. Normally I would of sold given the overriding negative sector sentiment but the earnings momentum made be hold on. I consider it too cheap to sell here. As ormond said the volume has been weak
AUG Price at posting:
$1.45 Sentiment: LT Buy Disclosure: Held
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