STX 8.33% 26.0¢ strike energy limited

Chevron dumps Beach

  1. 6,247 Posts.
    lightbulb Created with Sketch. 705
    chevron has opted NOT to proceed with BPT and the Nappamerri Trough Nat Gas Project!!!???

    The question begs asking? Has Chevron pulled the plug because of the collapse in global O&G prices OR because Cooper shale gas have proven to be harder and thus less economic than first imagined - who knows???

    What are the implications for STX here? Will BPT now turn to other options (eg their deep coals) for their next growth opportunity?

    I would certainly like to know DW's thoughts on the situation?

    Apart form the Chevron news, all pure spec from me!

    HC
 
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