A favourite pastime of mine is to go back and read the "expert opinions" from "financial journalists".
Big end of town doesn't pay this sort of money on zero due diligence. They know what they have and understand better than us where the energy market is heading over the coming decade.
Any journalist worth their salt can see the role that gas will play over the coming period. I have no doubt that there are tenements that will be unsuccessful, but that is the nature of the game and does NOT mean that shale gas plays are all the same. Based on their logic companies should also stop drilling for oil as there is no shortage of P&A wells out there.
It's all about foreseeing where the energy sector is heading and identifying ahead of time the tenements with the greatest chance of success. ADE/BPT have done this very well indeed.
Exciting time ahead for sure!
ADE Price at posting:
13.0¢ Sentiment: ST Buy Disclosure: Held
