I note today that buyers are calling for reasonable pricing mechanism to be placed long term at 12 dollars. This is the price that results in a 42c valuation for Comet
also Grattan institute warning against price intervention as it worsens supply issues
accc warning of massive supply shortages from 24
spot ST contracts at 39 dollars
most gas demand is industrial with no other medium term alternative
mahalo a substantial low cost gas asset with limited infrastructure capex required , thus it will become an asset in a smaller universe of assets that can be developed with a 12 dollar cap and may end up producing in an environment where any price restrictions are lifted to encourage supply
make no mistake - we are being presented with an exceptional opportunity - those with foresight like Gina can see the reality of the importance of gas
COI Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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