energiseme pointed out recently that I said, some months/years ago, that if WCL used their small-company efficiency to secure a GSA to one of the big LNG projects, I would consider investing.
It appears I now have to make good my words. :)
This is exactly what I have talked about several times before - I didn't think WCL was a good takeover target because I didn't (and still don't) think a large company is efficient enough to make this deposit work. I thought a GSA was a better outcome for all parties concerned, and it seems GLNG agreed.
Anyway it is all on WCL now - they have no more excuses about poor prices, poor M&A market, or anything else. The only thing standing in the way of a very profitable gas company is WCL themselves. Time to show us all they can take this baby up to 65 TJ/d!
WCL Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
