DLS STO

Ann: New Wet Gas Discovery at Varanus South-1, page-23

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  1. g12m0
    1,632 Posts.
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    30/11/14
    00:07
    Post #: 14379231
    Gas prices in US drop to $2.50 per mmbtu a couple of years ago due to shale gas revolution. The industry realised that there is no money to be made at that price. Today gas prices are hovering at $4 per mm btu. Clearly, the shale oil industry will find a reasonable oil price where oil producers can make money. It is inevitable.
    DLS Price at posting: 91.0¢ Sentiment: Buy Disclosure: Held
    STO Price at posting: $10.10 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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