Cottee retiring, page-58

At the risk of being called a booster, I question why CTP is in the doldrums? I think it should be 25c plus.
Why you ask? Well try this for one reason;
Gas prices could even rise further due to their new linkage to the international liquefied natural gas market, according to an Australian Competition and Consumer Commission report recently released.

“The ACCC report says while there will be sufficient gas in 2019 to meet demand; prices remain up to three times higher than historical levels. “Gas production costs are increasing and gas prices in the east coast market are now shaped by international LNG prices, meaning that domestic prices are unlikely to return to historic levels,” ACCC chairman Rod Sims has said.

Lower forecast demand and a rise in southern production in 2019 are not expected to be sufficient to lower gas prices, he also said. “

Therefore, based on Mr Sims statement, I say that whatever we can put up any pipeline, we are guaranteed good prices for it, not just now but well into the future.

Also anybody who buys into the O&G sector must, by definition, be an optimist, therefore the possibility of Helium sales along with more gas discoveries has to add extra value in any O&G man’s language.

Take me as an “up-ramper” if you like, but either buy up or shut up is my take on all the negativity around RC’s departure. Are you reading Mr CB.