why sell stock where there is only upside, page-15

LoveCCE,

Actually uou are completely wrong.

1) Australian soveriegn risk has increased vastly as it has demonstrated willingness to impose punitive, muddled, retroactive taxation without consultation, and made worse with xenophophic excuse. That it has an opposition in dissaray doesn't help.
2) You mean BG not BP.
3) Whilst the headline 40% is the same for PRRT and the RSPT, they are otherwise nowhere near the same. The Swan supertax allows a much lower return on capital, and whereas the PRRT only applies at near wellhead pricing, it is not yet clear whether Swan intends to punitively tax the LNG facility as well.
4) Nothing wrong with csg, you might just not understand it.

Regardless the new tax uncertainties have zero impact on any of CUE's businesses (except the negligible impact of the reduction of corporate tax).

NZ has definitely improved it's position relative to Australia, for resource investments, courtesy of Swan/Rudd.

EL