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They are repositioning as more Nat Gas focussed. Some major investments coming online in the next few years. Pricing assumptions are based on low prices for Natural Gas, which can easily run higher. It is a bridging fuel, between Asia Pacific nation's huge use of coal and a less carbon intensive future. I feel the net zero dreams are at least being pushed further into the future a bit.
They forecast a 50% increase in dividends, which would imply a 50% price increase at a minimum. Potentially more if crude and or nat gas prices re-rate higher. US crude reserves are way down and traditional shale natural gas fields in the US have apparently peaked. New supply is needed and it takes a long time to come online. They are paying more in dividends now than when they were at $65 a share.
Buy and hold. Will review on an ongoing basis, but will need to see how things go until 2032 to really get a good view. Good dividend policy; 50% of Net Profit paid to shareholders.
Peak to trough, down over 75%. A sequence of higher lows being set which suggests that the downtrend has completed. Next move; probably a 30% spike after the nearby price peak of $26.925 is exceeded. Taking a position early next week.
They are repositioning as more Nat Gas focussed. Some major investments coming online in the next few years. Pricing assumptions are based on low prices for Natural Gas, which can easily run higher. It is a bridging fuel, between Asia Pacific nation's huge use of coal and a less carbon intensive future. I feel the net zero dreams are at least being pushed further into the future a bit.
They forecast a 50% increase in dividends, which would imply a 50% price increase at a minimum. Potentially more if crude and or nat gas prices re-rate higher. US crude reserves are way down and traditional shale natural gas fields in the US have apparently peaked. New supply is needed and it takes a long time to come online. They are paying more in dividends now than when they were at $65 a share.
Buy and hold. Will review on an ongoing basis, but will need to see how things go until 2032 to really get a good view. Good dividend policy; 50% of Net Profit paid to shareholders.
Peak to trough, down over 75%. A sequence of higher lows being set which suggests that the downtrend has completed. Next move; probably a 30% spike after the nearby price peak of $26.925 is exceeded. Taking a position early next week.
Trade active
Entry price $25.14
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.