CTP central petroleum limited
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what's up with the silence?, page-12

  1. Ashentegra
    5,926 Posts.
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    04/12/19
    16:15
    Post #: 41794079
    CTP's share price weakness - 14c COB today - is not due to LD & team nodding off while drawing fat salaries. It is more than explained by recent falls in gas prices.

    https://www.aer.gov.au/wholesale-markets/wholesale-statistics/sttm-quarterly-prices

    From recent peaks ~$10.00 Gj, Brisbane gas is now ~$7.25 Gj.

    We have no word on gas sales agreements after IPL ends its contract for Phosphate Hill. Users would be nuts to commit into a falling market.

    Potential JV partners would be recalculating the worth of producing assets on these new prices.

    CTP's share price could well go lower.

    I remain committed.

    Ash
    CTP Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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