It makes perfect sense. All I know is they will be going shopping quite a lot. The more the better really because BSP has bought a lot of pipeline networks and other gas distribution networks. They need the gas asap to make it profitable.
If you take a look at the way BSP acquire networks, its not like ok today we buy and today we finish. They all take a while. Its a matter of time really before we buy projects, as long as the projects end up good, I dont care if we have to wait few more months to get it right. Once we buy the good project, we are off to the races. I have spoke to a fundie about coal seam gas, he mentioned we need to keep drilling for gas which is true and he likes the way Paul does his work, conservative and not a ceo that promotes the company without substances to back it up. When I heard him saying that, it just confirms what I thought of Paul. My fundie has been in the game for a long while so he knows a lot of people around Perth.
TNP Price at posting:
1.0¢ Sentiment: None Disclosure: Held
