no need for concern with todays 6+ percent drop. The market was off around 120pts today, and QGC has run pretty hard lately, remember prior to the ann of the BG deal we were at 2.60 only a month ago!! So today, IMHO, just some profit taking/letting off some steam. Wouldn't be surprised to see a consolidation around $4, with the uptrend set to continue when the broader economic climate improves, volatiliy starts to dissipate, and investor confidence returns. QGC will continue to outperfrom the market for many years to come though because it is a maket leader in a niche segment of a growth industry (CSG and LNG).
Robert Bryan and Richard Cottee know what they are doing. If you can afford to hold QGC for 3+yrs, you will be rewarded and rewarded handsomely, just like those who have already held for 3+ years would know!
In fact, I plan to hold beyond FID in 2013 enticed by the fact that QGC will look to start paying divs around this time.
QGC
queensland gas company limited
