yesterdayYesterday was a bit of a travesty. Trying to make sense out of the exaggerated BIR & PPY downdraft can only lead one to conclude that their properties really are tantamount and strategic to LNG. But the article by Brent Yang in the Globe was hardly indicating a Petronas pullout nor are they just now discovering the challenges of building a terminal. Anyone in this position would want to squeeze out unnecessary charges and gain any tax incentives that may be offered for them to move forward. Petronas and its partners have broad shoulders to do the heavy lifting here. The sizable risk is shared by a conglomerate that can overcome all the engineering and financial challenges. And much work has been done in Canada to welcome the investment. Don’t expect the Petronas consortium to say thanks you’ve done enough we’ll take it from here. That will come years later in the form of profits appearing on the balance sheet and assets in place that by then will be worth much more. I go back to a comment by Dennis Gartman, - that we Canadians consistently undervalue the attractive business environment we have here for the likes of a Petronas to come and set up shop. So if “they” (and they know who they are) want to spread rumors/chaos to push these 2 stocks around I will buy where I can and what I can, because even if Petronas gives up the ghost there are 13 others to take their place and BIR and PPY still remain in that sweet spot for the deliverability of their gas. And don’t think our vision and our money invested in these 2 companies doesn’t enable LNG to go forward in this country because it does! Our companies are grappling with the geology and finding the gas to deliver to these guys on the coast with their terminals. Apart from Apache pulling out of its partnership with Chevron possibly due to a bloated balance sheet or perhaps just realizing they might be just slipping into a pair of shoes that they found as being a bit too large most of the entrants in the race are still hanging in. So you decide for yourself whether BIR and PPY offer any value here but it’s a no brainer for me.