The nearest gas price that MAE currently receive is approx US$3.75/AUD$5.80 per mcf . It'll go up as winter gets to the USA .
The US gas price is still far more lucrative than the gas price received by companies operating in Australia.
If we get over 20 mmcf MAE will be a top energy investment . ATM, we are still on the cusp of that . It has been elusive but is almost here .
IMO, the US dollar is just a mechanism of general commerce . It could just as easily be the multinational currency of the Euro that we use and after a while we would all get used to talking Euros. We will all still exchange whatever currency is used for our own currency and commerce .
The US is just alot of people like you and me who need food, shelter and energy.
I wouldn't right them off, but they are in an axial phase that appears to involve decline of influence . They will always play a major place in global commerce .
Anyway, MAE is in the US, receives US $, and is likely to be sold to a US energy company . Viva USA .
- Forums
- ASX - By Stock
- MAE
- turning point
turning point, page-30
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online