Bon Swar,
Thank for that. It is starting to hit the media. There was some very ambitious and lousy due diligence done by the Gladstone Boys.
There is a serious shortage...not looming....but right now. BUL is very well placed to exploit this shortage. As indicated in their quarterly BUL have active interest in their permits and negotiations have started. If BUL can get a deal signed up things will change immediately. Especially if the deal is on the same metrics as the SXY/GLNG Maizey deal. I understand we could have a deal within months.
As you say, the shalers' are dead. The USA don't seem to understand that the future price of oil will be in the $50-60 range. I doubt whether many shalers could get finance at those prices. In any case, shale is a limited resource , forecast to decline very early 2020's.
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