buddy king carmello is right.bhp actually had an option to go...

buddy
king carmello is right.

bhp actually had an option to go 50:50 with qgc at one stage then pulled out - even earlier than that i think macquarie got the moranbah leases and backed them into ch4 and i believe bhp had at least some of the ones that mac bought.

bhp's former key csg staff went to mpo four or five years ago - caused mpo to go from about 4c to 9c at the time ( equiv now would be 20 to 36c as they had an issue

e.l. - i know you are dubious of charts per se but i think your observation with csg stocks has been spot on - i am only a mug chartist at best, but i know 90% of my sells lately have been good ( which is unusual ). Am a bit quick to press sell sometimes, however I have been known to bale out of a few stocks well before they plunge or even go under - i got out of hih , abc , henry walker, timbercorp, evans and tate at great prices - i did get stuck with compass resources.

stil arrow wasn't going to go broke,so i shouldnt have sold any; but i did think they may have trouble with taking the whole thing on themselves. i thought their recent moves made them a lot more risky - ironically, that is what probably made shell jump!!

i guess the bg figure 0f $27 a barrell should not be that surprising, but it is reassuring - still think there could be some shortages if too many plants are to go ahead for gladstone - as i said on another post If the Chinese come into one of these lng plants, ( and that looks even more likely now ) will they push to get some employees in ? - interesting if they said they could send a couple of thousand!! Will the gov't rebuff them? What is the Chinese attitude to strikes at any of the projects they have equity in? Anyone from west aust know?