I know HDR has taken up most of the interest today regarding their wells and takeover potential but if ever there was a strong takeover candidate it would have to be Arc Energy IMO.
Origin would be circling all over ARQ at present given the results of their drilling.
Furthermore I have read reports that value ARQ at around 75+ cents from different brokers so even after todays healthy rises there would appear more to come.
All this is my opinion.
Comments welcome.
Arc Energy looking good
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $53.86M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $153.0K | 985.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 157818 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 496370 | 10 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |