Almost 10 years ago the market valued Blue @ up to $ 0.445 - we are sitting at less than 20% of that!
What's happened in the 10 years:
Some States have banned fracking
Gas has more than doubled in price
Australia has became export focused & under pressure to redirect some supply locally
Australia has identified energy prices within Australia are rising too fast
Australia is desperately in need of cleaner fuel energy
Blue has increased its reserves
Blue has an MOU for pipeline development
There appears to be a number of Gas power generating plants being considered, yet very little media coverage emphasising their critical role in migrating energy supply away from Coal based energy.
-if I am right on the above? & I expect their are more positives I've overlooked, surely what the market valued Blue at 10 years ago, take into account inflation - we haven't seen anything yet!
Open to others comments for & against!
BUL Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
