Investing in the energy sector is a no-brainer, writes Martin Roth.
BHP Billiton made headlines in August by revealing the biggest recorded profit in Australian corporate history. However, an announcement a month earlier could end up having a more profound long-term impact.
This was the company's $US15.1 billion takeover of the American shale-gas group Petrohawk Energy. It came on top of $US4.75 billion already spent acquiring other US shale-gas assets. (See story below.)
Sydney Morning Herald
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