I don't mind contrarian views, but how about some analysis on which to base your prediction?
You might as well call a low price like 1c ?
even with the low oil price, COE is still generating cash flow, has cash of $36m or almost 11c per share!
so where do you get a figure of 12c ??
it has the Sole and Manta gas assets plus Orbost gas plant.
the Sole /orbost project is about to go to FID.
It is about to sign new gas customers for l/t contracts.
its future is squarely aimed at domestic gas - not exporting oil or LNG.
downramping is good for me, as I will keep hoovering up shares.
Next support 12 c, page-3
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $541.2M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 20.0¢ | $325.7K | 1.602M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 820807 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 596679 | 7 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| COE (ASX) Chart |