Share the concern on the price paid ($210M plus incentives)
However, lets not forget that
DM is selling to the market "swapping" of OpEx (tolling payments to APA) for CapEx (Interest Payments and Depreciation) - hence to focus on EBITDA improvement vs earnings ( @Bullseye80 hits the bullseye). Banks of course like EBITDA for lending to O&G and determining loan ratios.
The real problem here I think (other than price) is the drilling cadence ... no drilling = no production growth and revenue growth coming from commodity price (hedged via GSA's ... let's not be greedy ... it works both directions ... stable, predicatable cash flow needed with debt).
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Ann: APA: APA sell Orbost Gas Processing Plant to Cooper Energy, page-18
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $607.2M |
Open | High | Low | Value | Volume |
23.0¢ | 23.0¢ | 22.5¢ | $1.217M | 5.320M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 145000 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 602548 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 145000 | 0.225 |
4 | 414363 | 0.220 |
8 | 884633 | 0.215 |
5 | 809295 | 0.210 |
12 | 385378 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 602548 | 2 |
0.235 | 1240340 | 21 |
0.240 | 3858189 | 24 |
0.245 | 409113 | 10 |
0.250 | 504621 | 11 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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