It's nice.
Guidance for FY 2022-2023 should change on the upside and this will reflect, a higher share price.
Once COE has the cash to fund OP3D, COE true value would be revealed to the market.
I was expecting Squadron Energy's Port Kembla LNG import terminal to increase competition in the domestic gas market in 2023 but now that Europe is likely to source Henry Hub gas at the same time, the anticipated value of COE gas deposits near Melbourne is understated.
At the moment, Henry Hub gas is AUD 11.62 and it's nearing a northern hemisphere summer or for us a southern hemisphere winter. Including transportation and regasification to bring natural gas into Port Kembla the price would a little higher.
With many legacy gas contracts ending soon, I suspect GSA prices would be higher than what they are now. Hopefully, a prosperous 2 - 3 years for patient COE holders.
DYOR
AEMO reading, page-726
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $580.8M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.3¢ | 21.5¢ | $525.3K | 2.391M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 396677 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 213850 | 5 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |