COE needed to go it alone and not rely on buy-in companies to support their business model.
This is an opportunity for COE to step up in the market.
There is a lot of demand for Gas at the moment.
Don't be surprised to see production numbers ramp up after the sale. COE are pushing for a quick turnaround on this sale and want to capitalise on the current gas prices and demand.
This has been on the radar for a while and IMO there has not been the sense of urgency by the company to get Orbost to full production, this might be a strategic move, so that COE with owning Orbost outright banks 100% of revenue.
In theory with COE owning Orbost outright this increases the net value of the company.
Ann: APA: APA sell Orbost Gas Processing Plant to Cooper Energy, page-13
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Last
21.8¢ |
Change
0.003(1.16%) |
Mkt cap ! $574.2M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.3¢ | 21.8¢ | $432.6K | 1.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 774003 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 58894 | 5 |
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| Last trade - 14.33pm 22/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |