Both companies have issues particular to there businesses but the acid test is how their share prices have performed over the last few years and it is not pretty .
Full disclosure I traded CTP a couple of years ago and made a modest profit but have just watched them go down after I sold the last of them .
COE likewise had a bit of a punt a few years ago and made a decent profit but have just watched them for a few years and felt lucky I had dodged a bullet as they sank .
However I could not help myself and had another decent dip at them a week ago and am a little underwater so far .
The government actions is a very blunt instrument hurting struggling businesses as well as those making super charged profits .
In the long run it will make gas prices higher if it stifles exploration and development .
Wind and solar can be complementary to gas power but cannot replace it .
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.511M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 6445909 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11003663 | 9 |
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| Last trade - 16.21pm 08/08/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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