A "double bottom" buy sounds like a "cheeky" entry price - but at that price your risk is low IMHO.
Because whilst Orbost is not producing its planned 68tj/d, it IS now producing at 45tj/d - so cash is flowing into COE at rates not previously seen at COE.
I have calculated no numbers to back my view, but I reckon at 45tj/d will be enough to repay project debt (albeit maybe over a longer period), plus cashflow to explore further wells, and develop Annie etc. As we also will have higher cashflows from Casino Henry fields and Athena plant.
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $488.4M |
Open | High | Low | Value | Volume |
18.5¢ | 19.0¢ | 18.0¢ | $1.119M | 6.057M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2220060 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 513801 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2220060 | 0.185 |
2 | 145555 | 0.180 |
5 | 541774 | 0.175 |
6 | 548436 | 0.170 |
5 | 426133 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 408674 | 9 |
0.195 | 891736 | 14 |
0.200 | 383300 | 6 |
0.205 | 139999 | 4 |
0.210 | 160678 | 3 |
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