STX 2.50% 20.5¢ strike energy limited

calling psi81, page-30

  1. 1,724 Posts.
    lightbulb Created with Sketch. 12
    I don't think anyone is going to be paying an premium for unconventional gas projects in the near term. The uncertainty in energy markets has gone on longer than santos, origin etc predicted and I think people will be looking at the QLD plants and seriously considering breaking out the mothballs for one of them. Origin pulled out of their big cooper gas deal over a year ago if that gives you any indication of where the market is at.

    I hate to pour cold water over everything but I think Strike just need to achieve their goals and then assess what the market is like when they get there.

    If Psi turns out to be right and his statements/predictions on well configuration eventuate then it will be egg on the face of the engineering team and management at strike. They don't have the resources to learn as they go and if people who obviously work in the industry but don't know the technical project specifics can make better judgment calls on the well design then it will be pretty frustrating.
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
20.5¢
Change
0.005(2.50%)
Mkt cap ! $586.4M
Open High Low Value Volume
20.5¢ 20.8¢ 20.0¢ $1.513M 7.397M

Buyers (Bids)

No. Vol. Price($)
1 18352 20.5¢
 

Sellers (Offers)

Price($) Vol. No.
21.0¢ 878886 12
View Market Depth
Last trade - 16.10pm 22/07/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.