If Bargou comes up trumps and oil rises which is will, then this stock is a lotto return without the 8 billion to 1 risk factor.
I am happy with the 100% position in Bargou although I would also accept a 50% farm-in but to me it makes no difference. COE will do well over the mid term and at 22c, is one of the better buys on the ASX. When you consider Iraq is not over and cannot guarantee their oil exports, Iran and the bomb remain on the horizon, China and India will produce millions of car drivers over the coming years... The only trend is up for oil. COE at $10 per share is not out of the question.
bargou farmout, page-12
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $501.6M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.8¢ | 19.0¢ | $432.1K | 2.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 171440 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 188794 | 4 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| COE (ASX) Chart |