Hedg, One of the best hotcopper posts I have read. Blue went...

Hedg,
One of the best hotcopper posts I have read. Blue went from 2 cents to 20 then got hit by a report that said gas supply was aok. ................And then 2 of their major shareholders had to sell for 'political' reasons. As Stuart Baker said this is worth at least 50 odd cents....maybe $1 plus. And since then we have had a recent report predicting a 50 % rise in gas prices by February next year.

Well, the pollies got it wrong. Alan Jones etc road the emotion and influenced them into shutting down gas exploration in both NSW and Victoria. Aussie have shut down 2 coal fired power stations and Liddel could go shortly. Australia has a huge energy crisis in front of it due to politicians allowing " Lock your Gate" to gain traction. Gas is essential to East Coast energy. The Government has failed to front up.


We need to realise that gas is the interim answer to climate change and get drilling. Same in NZ, Jacinda has dampened down the whole O&G industry. Our 4th biggest earner. What the world needs to do is get rid of coal and substitute it with gas. And plant trees. They absorb CO2.

BUL is a waiting game stock.