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LNG, the way to go, Hamworthy pumps.

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DiogenesJ - Fri, 23 Dec 05 :

Cat: I don't like the sound of the terminal at all. I really think it should be stopped now. The Hemel Hempstead disaster (which could have been far worse if it had occurred in working hours) shows that our safety standards are absurdly inadequate.

However, the need for gas is such that LNG tankers will continue to be built in large numbers. If the gas doesn't go to Pembrokeshire, it will go elsewhere. So my feeling is that whatever happens there will not affect HMY much.

If there are problems with the tanks on current LNG tankers, I am sure that a solution will be found.

I also agree that the chart doesn't look great, but I really cannot see a significant fall occurring while the flow of large orders is likely to continue.

I have considerable respect for your charting abilities, but I can't see this as a short.

Best wishes and Happy Christmas, and don't catch any of those iatrogenic diseases!

D.


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