Shale Gas
I moved too early but there are some that have flown, like SXY. However, interest in CSG and shale oil and gas is starting to hot up with takeovers. And some rising without anything obvious.
When the US and UK companies start to take an interest, those neighbouring tenements are becoming 'noticed'. While gold producers/explorers and potash explorers have given me alpha, this is the next sector that will get very hot soon. Even lesser known ones are attracting attention, like WCL. I will be on break even with a take over at 65c but it has risen very strongly in the last month. I just didn't know when to buy again because lots of my top-ups in shale gas companies have not resulted in rise in share price. But this is about to change...
posted by Club Mulgoa @ 2:45 AM
2 Comments:
We spoke about SXY back in Aug last year. Its SP has doubled since. You may want to look at BPT and DLS. Both are in the same Cooper Basin area exploring and finding conventional and unconventional O/G resources. While DLS has a farmin partner in BG, BPT and SXY are still free for t/o or farmout, maybe the reason for their rising SP.
CTP found oil... and the market is hardly interested in it. But one successful hit will not make it noticeable yet. I own shares in BPT too. It tried to take over DLS but was knocked back.
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