AU8 1.67% 6.1¢ aumake international limited

Defies belief lol

  1. 1,960 Posts.
    Defies belief that we are on the brink of Three LNG plants being opened for production that are all going to need thousands of CSG wells drilled in order to supply the gas & the very mining services stocks that will be drilling the wells have been hammered to within an inch of their lives haha.

    Ok, i know the fall in the oil price is said to affect LNG prices but im sure all of these plants are in long term contracts with the buyers. I know with talk of new pipelines from Russian into China there is talk of a glut in gas but anyone that does sufficient research on the topic will know that there is a massive gas market out there & this gas is needed. I know with the construction phase virtually completed there is going to be a smaller labour market in the running of these plants but the wells still need to be drilled! Also, down the track NSW has now unveiled plans to reintroduce csg into their gas plans so there will be plenty of work out there...

    Cannot argue with the market, can only sit back & wait for cool heads to prevail and logic to catchup.
 
watchlist Created with Sketch. Add AU8 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.