RE: Derisked, Re-Rates & Price Progression - Going Forward!30 May 2024 07:37
First wave of traders already out before close yesterday and if we get away from "I have FEELING...." type of posts & move toward INVESTMENT analysis basis.
SunSteppe JV website, Mr Mike Buck & others right from beginning mention ENERGY EXPORT TO CHINA (also read first official specific commercial mention of this in yesterday RNS).
MONGOLIA HAS BIGGEST POTENTIAL OF RENEWABLE ON PLANET!
"The Asian Development Bank estimates Renewables rich Mongolia has the potential to generate 5,457 TerraWatts-hours of clean electricity via Wind and Solar"
"If Mongolia exports EVEN A TENTH of its Renewable potential, the implications for Chinese energy will be Immense.
MONGOLIAN GENERATED ENERGY COULD EVEN REPLACE RUSSIAN ENERGY EXPORTS TO CHINA" - (source: Lowy Institute).
*Probably why new Russ-China supply pipeline develooment is blocked from China side.
I expect RAPID development of current talks following Exclusive Cooperation Agreement already in place with China & major capex investment with suitable RNSs.
*ADB (Asia Development Bank) already approved over 90% funding for other BESS project & Japanese grant for big part of rest . This is seperate from China energy export but show massive investment support / growth prospect of sector.
All separate from Revenue generation from Oil Assets Petro Matad will develop with FAST TRACK / LOW COST base & 2 new "huge" blocks which are part of KNOWN & PRODUCING basins.
Better to focus on INVESTMENT then 'feelings' of some posters here who maybe do not even understand Investment case
Buy, hold or sell - but Petro Matad position to develop into Major Regional Energy Player / Huge Multiple Upside with fast track development - price appreciation.
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