07-14-2016, 09:58 AM
'Getitrt2' pid='73740' datel Wrote:Art, I basically agree, except that the lower interest in Papua LNG would come along with some interest in the future of PNG LNG also. Of course, with Exxon we could participate in both to a limited extent, and with US securities and a dividend. Also, with Exxon owning IOC, I would bet on PNG LNG getting expanded more and much more quickly. Exxon might become more of a growth stock than it is now - ho ho!
Yeah, a little far fetched to think of it as much of a growth stock, but energy is kind of like water. You don't know its value until it is in extremely short supply. Of the hydrocarbons natural gas and gas liquids are the best place to be from an environmental standpoint. Also I expect from a total cost of ownership for generating equipment standpoint as well. Polyethylene pipes are the greatest it seems for everything I do.