low volume indicating absence of sellers which is good. Are...

low volume indicating absence of sellers which is good. Are investors seeing the underlying value, ate they seeing the fact that about 50% of income is from Gas in AUD and is guaranteed with CPI increases, or that Tapis still doing very well in Aud terms, or is it the anticipation of brunei drilling. Whatever it is its holding very well. The chart also looks like its basing and may move up quickly if the market stabilises. I remember reading in the midst of the GFC when Tap went to the 60s that cash plus GAS = current SP. With the increase in Cash from the insurance payments and the increase value of thje gas contracts we are at a similar position today with 90% of SP backed by cash and GAS.

I must say even with the stock market turmoil and holding a very large posi in TAP, I am very relaxed about my holding, ever since I bought in they have done nothing other than release good news, ghana, gas contracts and Zola.