Monday 17 December 2012

Why Shale Gas is the Biggest Story in the Energy Markets

Despite all the nonsense going on in the stock market right now, there are actually real things happening in the real economy that lead to real investors making real money from real stocks! Really!

Take mining service minnow AJ Lucas (ASX: AJL). The share jumped over 19% on Friday. It was up by as much as 25% at one point? Why?

AJL has a 42% stake in Cuadrilla Resources. Cuadrilla is one of the only firms in Britain with a license to explore for shale gas in the UK. On Friday, UK Energy Secretary Edward Davey released a statement saying, 'I am in principle prepared to consent to new fracking proposals for shale gas, where all other necessary permissions and consents are in place.'

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