I can't seriously believe that one dodgy announcement by NSW will end MEL's future or long term value. I got some more at 9 cents at end of day today because they are worth much more than 9 cents.
When a farmer has a bad crop due to difficult weather, it is possible that more profit can be made from that season than when experiencing a bumper crop, because much more can be charged for produce when there is less supply.
The 1970's world oil shock was OPEC engineered, but we don't need OPEC, as we have activists and politicians reducing supply for NSW.
When prices sky-rocket in NSW, politicians will open things up, but I can't see companies rushing to discount their gas after ll they have been through. There may be some long term sales agreements signed at very high prices to kick off a re-start if a 're-start' is even needed.
MEL Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
