TBN - the time is now, if not very soon. Not sure if anyone has seen the latest recommendations but Macquarie, Shaws, and MST are all covering TBN and they all believe a share price of over 30c in the next 12 months is a real possibility. We all know that the East Coast is GAGGING for a new gas supply and TBN could be the one to deliver. They have their results coming out shortly and if they are over 5 mmscfd, this will surely justify a huge development plan. Joel Riddle even came out last week explaining that the East Coast is expected to be 10TCf short of gas over the next 25 years. This is where TBN could potentially step in!!!
Tamboran’s Beetaloo assets have >350TCF, so they can meet the supply shortage with ease. Not only all that – there is a HUGE shortfall of LNG for Asia as they decarbonize. Gas has already been proven to help the US decarbonize when they shifted from Coal to Gas. This is all in my opinion of course – I feel that TBN has a huge role to play as Countries/Governments are looking for affordable power in the transition. I’m expecting a rally from the 20c into the release of their results in Q2.
TBN Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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