3 ASX gas stocks to buy “now the adults are in charge” of energy policy

Marc Kennis Marc Kennis, May 10, 2024

ASX gas stocks to buy

Pop the champagne … Stuart Roberts, from Stocks Down Under, is celebrating the newly announced Australian government strategy to increase the production and exploration of gas. Stuart highlights the positive impact this policy may have on easing inflated gas prices, which have plagued Australia for the past two years. He highlights the strategic value of gas as a cleaner burning transition fuel when compared to existing electricity producing methods. He suggests 3 ASX gas stocks to buy.

 

Established energy plays

Stuart puts the spotlight on companies Woodside Energy (ASX:WDS) and Santos (ASX:STO), which he says are now poised for potential growth with the backing of the government’s gas policy. Viewing their development projects optimistically, he identifies these two as healthy investment cases. Stuart adds that Woodside’s acquisition of BP’s oil business, as well as Santos’ purchase of Oil Search, can offer massive potential for domestic gas production.

 

A good junior option

Stuart also weighs in on Tamboran Resources (ASX:TBN), a gas company set to unleash the potential of the Beetaloo sub-basin in the Northern Territory. Despite opposition from environmental activists, he insists that Tamboran’s development will be essential in alleviating a gas shortage on the East Coast.

Ahead of the upcoming reporting season, Stuart optimistically anticipates increased investor interest and capital inflow towards various gas producing companies across Australia. So, good news for ASX gas stocks!

 

Check out the full interview here!

ASX gas stocks

 

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