"(The Bowen does contain a lot of gas, but does that gas have a market where AOE can obtain the same kind of value they would get from feeding it into an LNG plant? The gas requirements from power generation and the domestic market will never compare to those of a LNG plant.)"
Sloeb,
If history will repeat itself, and it usually always does, IMHO it won't be too long before the price of gas for the domestic market will be on a parity as for the export one.
Look at what happened to the price of crude for instance. No one expected it, but it did happen.
And when the Chinese or someone else will want more of the gas to satisfy their demands, they will get it from where ever they can. Yes even building a new pipeline. APA could even do it for them if they have a guaranteed usage of the same.
IMHO, you jumped ship too soon. On the other hand you may be right as well. No one knows at this stage of the game.
Buddy
AOE Price at posting:
$5.17 Sentiment: None Disclosure: Held
