News: COE Cooper Energy Posts FY Underlying Net Profit After Tax A$14.4 Million, page-15

Terrific start to the week week so far for oil and gas prices, also Elon Musk announcing yesterday that we need more oil and gas right now, not less! Unusual for someone in charge of the biggest renewables based company in the world and someone pro climate to say. But perfectly logical as we need reliable energy in fossil fuels for the transition towards these new technologies.

The main reason for me is that we were oversold and easily manipulated post capital raise. All the excess funds had to be churned over and it was always going to be a few weeks to get these sellers out of the way. Now we are off the shackles and can hopefully return to pre raise share price levels in the mid 30c range.