Slugcatcher on history repeating at BHP

THE clock is ticking on the career of BHP Billiton chief executive Marius Kloppers after his courageous $US12.1 billion ($A11.3 billion) bet on US shale gas producer Petrohawk Energy, with some investors sharing Slugcatcher's view that it is a dud deal.

Friday's stock market reaction to BHP Billiton's second plunge into US shale gas was sobering. While it looked like a simple 71c share-price fall, it actually represented the wiping of $A2.


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