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18.3¢ strike energy limited

BPT are just being greedy pricks. I'm not surprised at all.

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melburnian

2,379 Posts.

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30/11/23

15:45

Post #: 71198290
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Originally posted by celtickiwi: ↑

Nope.
Unfortunately when you get into reading the actual submissions, there are definite nuances in wording which shows they are all not saying 100% the same thing......

BPT says - "domestic only" suppliers (i.e STX) should be able to export to LNG ONLY in times of oversupply.
It's a BS concession at best, but Thats still not a level playing field.
If the Domestic market remains "in balance" or as forecast, undersupply this decade, STX would not be able to export LNG.

BPT continues to advocate for 2 Groups:
US - The Exporters (including BPT)
Them - the "domestic only" suppliers - keeping STX in a box

IMHO, there should be just ONE group of gas suppliers (to remove all doubt) - and ALL should:
Ensure the reservation of the equivalent of 15% of LNG production for the domestic gas market - All Gas suppliers should be free to export based on their Resource base - This is the critical piece for investment @ scale and capital returns for shareholders
Ensure the development of domestic infrastructure (buy/build borrow/JV) to meet this obligation; and
Conduct diligence and good faith obligation to market gas into the domestic market.

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BPT are just being greedy pricks. I'm not surprised at all.
STX Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
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