Thanks pak Joe, ntar2 "nebeng" dikkittt ya. --- In obrolan-bandar@yahoogroups.com, Joe Grunk <[EMAIL PROTECTED]> wrote: > > We believe the market has not fully factored some of PGAS¢ short term > concerns and this will put near-term pressure on the stock price. > However, on a one year view, this offers an attractive opportunity to build > positions as compressors and SSWJ completion ramp up volumes. > Investor feedback highlights several common concerns, such as status of > gas pricing formula; progress on parallel transmission pipeline & > compressor construction. We address these near term concerns & > reiterate our 12mth BUY Recommendation. > > Selling prices: flat to 2009, significant upside thereafter > Contrary to expectations, there has been no formal announcement from the > government in the pricing formula for gas. We expect that the formula for the > floor would consider factors such as gas cost, distribution margin, operations > & maintenance costs and inflation. We understand that PGAS is negotiating > for US$5.5/mmbtu as the floor and US$10-11/mmbtu for the cap. It is > important to note that the floor is not the gas selling price. It is just the > backdrop for setting prices. We do not expect any increase in selling price this > year and the next even if the formula goes through. > > > > > _____________________________________________________________________ _______________ > Never miss a thing. Make Yahoo your home page. > http://www.yahoo.com/r/hs >
