The best quote is that "much of the undeveloped gas on the east coast is held by Santos, Origin Energy or smaller players that cannot afford to invest in supply projects." So Senex has the lowest enterprise value to 2P reserves ratio compared to DLS, STO and WPL so SXY should benefit but the big winners r undoubtedly AGL and ORG. It might scare Chinese Light & Power away as their margin for EnergyAustralia is the lowest of all three & have they cost & servicing problems in a market that CLP knows nothing about, all done with a low POO, thank the Saudis, see below
Asia's refiners will shut 5.6% of their crude distillation capacity, equivalent to 1.824 million b/d, in May, at the peak of the second-quarter maintenance season, according to Platts' estimates based on company statements and industry sources. http://www.platts.com/latest-news/o...finers-to-shut-56-of-capacity-in-may-27132641
SXY Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
