Business
  • Narrabri Gas Project

Govt confirms key role of Narrabri gas project

The NSW government has confirmed the future key role of a Narrabri gas industry. The government yesterday released its ‘Future of Gas Statement’, outlining plans for the gas industry in NSW, ruling out gas production under the majority of Petroleum Exploration Licences (‘zombie’ PELs), with the exception of those which support the future of the multi-billion dollar Narrabri gas project. “The future of gas in NSW includes the Narrabri gas project as a driver for the proposed Narrabri Special Activation Precinct, along with LNG import terminals at Port Kembla and Newcastle to help ensure sufficient market supply,” said Deputy Premier […]

Jul 21, 2021

  • Charlie's Charts

Charlie’s Charts 21st July 2021

The local market is moving up from the bottom of the current sideways range it hit yesterday as overseas markets recovered most of Monday’s losses the next day. Lithium stocks Orocobre and Galaxy could find some resistance at previous highs. Adbri looks to be posturing for a move higher. Bravura has retraced back to the midpoint of the current range up. Redbubble looks set to move higher once it moves past resistance. The fall in Nuix looks to be flattening out. Avita Medical could be forming a bullish flag type pattern. Commonwealth Bank has moved down to the break out […]

Jul 21, 2021

  • business survey

Council launches Narrabri Shire business survey

Narrabri Shire Council is seeking the views of business and industry in a newly-launched survey. The Narrabri Shire business survey aims to capture opportunities and obstacles for industry across the region. Mayor Ron Campbell said feedback is welcomed to address any concerns, as well as offer support for ongoing development of the council area. “Industry is progressing in a range of areas including manufacturing, energy and transport, along with tourism and agriculture,” Cr Campbell said. “As a council, we want to provide businesses with greater support, services and information by using a proactive approach to identify areas of need in […]

Jul 19, 2021

  • Charlie's Charts

Charlie’s Charts 14th July 2021

The local market looks to be trapped in a sideways pattern for now and with a few days closing down below the highs of the day it could be a growing sign of market weakness. The price of gold has moved back to retest the upper line of the channel which it had just broken out of. Can it move higher from here? Whitehaven Coal has moved up to a potential resistance zone and stalled twice. Can it punch through on the third push up? ARB Corporation has moved down to retest possible support. Lifestyle Communities is trading sideways above […]

Jul 14, 2021

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