u308 is the future, page-11

fair call Jamiebook,

we all have our own reasons for selecting stocks and have to base that on our own view of the risks and exposures the company may have - especially at this end of town where 'all' companies have their own...

For mine, PEN has an advantage in secured cash, but the penalty is a large volume of the shares on the register. Other sector companies will end up in the same position though to raise the capital they will also require.

Re the fulfilment of near term contracts - I wouldn't discount the existing producers / industry heavy weights - they can also fill these contracts.

Re local ASX companies - cant see the gov't in Perth being dislodged, can see the QLD and Federal gov't dislodged and that will provide a whole new environment. With that said, yes I agree, Australia is as backward and fickle as Germany and Italy in having a fair dinkum energy policy.

I do understand your logic and think PEN is a good company as it is very well managed, but after tracking this sector for in excess of 5yrs now, I have seen many rises and falls and they have all been sector inclusive on all occasions.