Energy / Resources
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Chinese property woes point to more pain for our market
Andreas Lundberg
July 25, 2022
News about the Chinese construction sector keeps getting worse. That’s a major issue for our iron ore miners as Chinese property construction accounts for around one quarter of all seaborn iron ore demand. As our three biggest iron ore producers – BHP, Rio and Fortescue – make up a big chunk of the ASX200, I foresee darker days not just for these companies, but for the performance of the entire bourse. continue…
by Andreas Lundberg Posted in Energy / Resources
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Mr Bowen, please trigger the ADGSM now!
Andreas Lundberg
June 2, 2022
Australia’s energy crisis is going from bad to worse: gas prices are soaring, and some energy retailers are going to the wall. I call on the new government to immediately trigger the Australian Domestic Gas Security Mechanism (ADGSM) to make LNG exporters sell into the domestic market and cut gas prices to an acceptable level. As I see it, there is no time to wait. continue…
by Andreas Lundberg Posted in Energy / Resources
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Food and energy prices hurt living standards
David Buckland
May 30, 2022
In last Thursday’s Chanticleer, my friend Tony Boyd made the following stark observation: In Britain, the regulator warned the electricity price cap is likely to rise to GBP2,800 (A$5,000) from October 2022, a staggering increase of GBP1,500 (A$2,700) in 12 months. It is estimated there are about 6.5 million British households in fuel poverty, defined as spending 10 per cent of income on energy. continue…
by David Buckland Posted in Energy / Resources
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With oil & gas companies paying no tax, is it time to trigger the ADGSM?
Andreas Lundberg
May 26, 2022
For some years, there have been loud complaints that the Federal government has failed to deliver an effective energy policy that provides affordable, reliable and low-emissions electricity. This policy failure has resulted in soaring domestic energy prices. To make matters worse, oil and gas companies are paying close to zero tax. To my mind, it’s time for the new government to trigger the Australian Domestic Gas Security Mechanism. continue…
by Andreas Lundberg Posted in Companies, Energy / Resources
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Is Aeris Resources purchase of Round Oak Minerals a good deal?
David Buckland
May 2, 2022
We have been asked by clients whether the $234m acquisition by Aeris Resources (ASX:AIS) for Washington H Soul Pattinson’s (ASX:SOL) Round Oak Minerals is a good deal? continue…
by David Buckland Posted in Editor's Pick, Energy / Resources, Stocks We Like
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Aeris Resources – drilling is the truth; and successful exploration is transformational
David Buckland
April 20, 2022
Aeris Resources (ASX:AIS) has had a successful drilling program and pleasingly increased its Copper production guidance at Tritton, about 50 kilometres north-west of Nyngen, Central NSW, from 19,000 tonnes in Fiscal 2022 to around 31,500 tonnes in Fiscal 2025, and importantly the life of the mine plan has been extended from three years to at least eight years. continue…
by David Buckland Posted in Companies, Editor's Pick, Energy / Resources, Stocks We Like
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Tulla Resources – ambitions to become a diversified mining and investment house
David Buckland
April 14, 2022
I was watching an investor presentation from Mark Maloney, Executive Director of Tulla Resources (ASX: TUL), and an ex-colleague of mine. The company had a tough start to public life, floating on the ASX in March 2021 at $0.90 per share before a substantial de-rating to $0.40 per share six months later. continue…
by David Buckland Posted in Companies, Energy / Resources
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Investors going nuclear!
Roger Montgomery
March 31, 2022
The broad acceptance of the Australian government’s decision to invest in nuclear powered submarines reflects a broader shift in thinking on the subject of nuclear power, its costs and benefits. Meanwhile the rest of the world is experiencing a nuclear power renaissance amid an energy crisis, fuelled by (pun intended) gas and coal shortages, particularly across Europe. continue…
by Roger Montgomery Posted in Energy / Resources
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Why weakness in Chinese property doesn’t support increasing iron ore prices
Andreas Lundberg
March 10, 2022
In May 2021, the iron ore price peaked at USD$238/tonne before plunging to USD$80 last November. Since then, the price has rebounded around 75 per cent. But is this rebound warranted? I don’t think so – if you consider the slowdown in Chinese property construction, which accounts for about 42 per cent of Chinese steel demand, and high iron ore inventories at Chinese ports. If fundamentals mean anything, the iron ore price is about to fall again. continue…
by Andreas Lundberg Posted in Energy / Resources
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No sustainability without security
David Buckland
March 8, 2022
In his article in Friday’s Australian Financial Review, Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University, wrote the US and Europe “needs to put energy security on a par with environmental sustainability”. continue…
by David Buckland Posted in Editor's Pick, Energy / Resources, Market commentary
