Thing is
@mandp
the oil/oil sector is very sideways atm,as more and more nations are starting to do the math,
and the med cost of the plebs from chocking,and the budget costings of clean up of all aspects of infustructure,that is being eaten away by accelaerated oxidation from air born catalyst effect thier
gdp futures.
Govs all over are starting to realise that globe warning is not a number,,as people once thought,
..."big deal so what,,a rise of a few degree overall is nothing,,,and went HahaHA""",,,,,now they
are cottening on that,,its a brink situation,,,as the perma frost that hold so many billions of tones
of methane,,is getting close to having its release trigger pulled..
And the second thing people are starting to get the gist of,,is just like the human body where a temp
varient of a few degrees can signal,,major all body distemper,,,(remember how ya feel if your pwn body temp goes up or down by just 1°C let alone 2°C),,then consider this rock reacting in the same way..
Yes for the forseeable furture,hydrocarbons will have to be utilised,as there has been so much
hardware built,and invested in,,,and the other ridiculous thing is what Australia is doing with its
oil and gass,,,ie selling it cheeps to other nations,,where is gets stored then re buying it at a premium,
and so much of out oil is sold to refineries offshore,then re bought at a premium,,one wonder
how some gov mins get their portfolios,,is it cause they gave the PM or some mogul the best champers and clams,and copped a brownie point ,,?// Hmmm
at some soiree.
BAS has had a basic 1 bag rise,in the last 12 od months ,
Anyway it was one that one had in hand,,but by now have gotten out of,
as even though hydorcarbons will be in need,,more focus is being placed into the alt enegery
power generator components,and storage devices..
The other thing is BAS with over 2.6B units,and having fallen from a high of %0.037 in 2009
and with so many CR's and dilution,is very vulnerable (IMHO) to a consolidation event,and
yes their market Ann of 4/4/18 is very positive,,is both fine news but indicative of potential
next CR,,as their AnREp of 22/03/18 they only manage to up their cash fighting fund by
a tiny, $714981
So all the best to all holders,,,but only commented as have not seen hair of hide from
@mandp for yonks,,,and as always DYOR,,,
So sentiment is none,,and not held(anymore) just gen info.
PS,,as oil and gas is vulnerable to the worst of global geo-political events,,all such stocks
will be basicly flat in the interim,IMO.
NBD
