Santos has always been a slow mover. The proof is in the pudding when they messed up with QGC at the time. And, if they will miss out in ESG as well, it will be only their own fault and they would have no one else to blame but themselves.
Shell, IMHO is the same. Slow mover and very heavy leaded footer. I wouldn't be surprised at all if someone else will come out and counter bid and finish the job giving Shell the flip.
The like of BG and even possibly BHP are not to be discarded. I have read an article a few days ago, that BHP is thinking seriously of getting into the CSG market as well, and they also stated that, if an when they will decide to do so, they will get in, and even stated that they will produce LNG before anyone else.
If that happens, all the better for us who have waited patiently for this to happen.
On the other hand, I would also like to see AOE going ahead with what they originally planned. And that is to produce and export our own LNG, and cover domestic gas sales. That would generate a strong income thus increase our sp by multiples and paying good dividends with capital appreciation, down the track.
I think, and said it previously, that IMHO AOE could become another WPL. After all why is Shell after it...??????
Think about it. Because, there lies your answer.
Buddy
AOE Price at posting:
$5.11 Sentiment: LT Buy Disclosure: Held
