There's lots to come - drilling, what they are spending the extra millions on, FID. And it's still cheap compared to expected earning next year. Perhaps not $1 any time soon, but doubling the current price wouldn't be that crazy.
In CXO style they will take their sweet-ass time so its really just a waiting game.
load up on cxo?, page-67
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Last
10.5¢ |
Change
0.014(15.4%) |
Mkt cap ! $224.3M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 11.0¢ | 9.5¢ | $2.524M | 25.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1145497 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 3060806 | 45 |
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| CXO (ASX) Chart |