What is killing the sp: Port Kembla LNG import terminal? New resources tax by the Palucik labor socialist republic Geological technical issues - too hard , too soft, not porous enough, too vuggy, too tight - ??? Potential Development costs Low oil price Govt threat of interference in the LNG market
On 11/6 they announced a new gas supply agreement up with O-I Australia a glass packaging manufacturer. Is there some concern about the ability of SXY to deliver? That should have been a plus for SXY yet the sp is heading for a new 52wk low.
Look at todays volume 13M+ Is this the Norwegians selling out?
SXY Price at posting:
27.5¢ Sentiment: None Disclosure: Held
