BHP is a commodities company focused on world class assets, whether it be iron ore, copper, uranium, coal, potash, oil (was, Bass Strait), so there is no reason a world class gas acreage or business in gas...
If the world has passed peak oil, there is huge & growing energy demand from India & China and coal is on the nose big time environmentally -> a world class gas business is very logical, especially NWS given its low political risks & proximity to growth customers... add new fuel cell technology for distributed power generation (home+car) and gas could well out dominate oil & coal for everyday power generation.
Also while iron ore is generating the big $$ now and probably for another 10 years, its supply is not at peak and the demand peak from steel revolutions of China & India will pass. (why double up on long term risk taking over Rio when you can squeeze them instead?) The big money will be in the commodities feeding the post-steel growth of China & India -> energy & food.
BHP is a commodities company focused on world class assets,...
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Last
$27.14 |
Change
0.200(0.74%) |
Mkt cap ! $51.53B | |||
| Open | High | Low | Value | Volume |
| $27.08 | $27.33 | $27.05 | $74.94M | 2.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11000 | $27.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.17 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |