September 7, 2007 (Bloomberg) WOODSIDE Petroleum’s proposed Browse liquefied natural gas project, should it proceed, may be worth as much as $12 a share for the oil and gas producer, the broker UBS said.The West Australian project, which on Thursday signed up China’s PetroChina as its first customer, encouraged UBS to raise its 12-month share [...]
Archive for the ‘Australia’ Category
China Keeps Buying More Control of Resources
Posted in Australia, China, Energy, Natural Gas, Peak Energy, Resource Wars on September 10, 2007 | Leave a Comment »
Australian and Japanese Central Banks Step in
Posted in Australia, ECB, Herd Mentality, Interest Rates, Liquidity on August 10, 2007 | 1 Comment »
Aug. 10 (Bloomberg) — The Bank of Japan added 1 trillion yen ($8.5 billion) to the financial system and the Reserve Bank of Australia lent the most in more than three years, joining U.S. and European central banks in responding to a credit crunch.
The Japanese central bank’s largest provision [...]
Bargain Hunters Starting to Sniff
Posted in Australia, Equities, Herd Mentality on August 7, 2007 | Leave a Comment »
Typical “bargain hunting” beginning after the initial market upset. More carnage to follow and even “better” bargains…
August 7, 2007 – (Sydney Morning Herald) – AFTER being handed a hospital pass by Wall Street, investors did well to limit the local market’s loss to a touch over 100 points yesterday.
Nervousness about banking exposure to the problem [...]
Frothy Market was No Safe Bet
Posted in Australia, Herd Mentality, Interest Rates, Liquidity on August 6, 2007 | Leave a Comment »
August 6, 2007 – (Sydney Morning Herald) – I lost $12,000 last week. I’d rather still have the money, but I didn’t deserve that money. It was false wealth. Before June 30, when the Howard Government was allowing people to put as much as $1 million into their superannuation in a single year, a few [...]
Strong Buy: Long-term Natural Gas
Posted in Australia, Energy, Natural Gas on July 29, 2007 | Leave a Comment »
Woodside in $12b Gas Project
July 28, 2007 – (Sydney Morning Herald) – WOODSIDE Petroleum has committed itself to building one of the most expensive developments in the history of the Australian resources sector after its board gave the go-ahead for its $12 billion Pluto liquefied natural gas project on Friday.
The final capital cost figure – [...]
