Hi bought into this today. This is good value n a number of fronts 1. Cheap on 2 P /3 p reserves 2. will get funds when STO buy the additional 7% at market rates 3. Cheap on a DCF valuation assuming even much lower east coast gas prices
Lets not forget GLNG unlike still not operating at full capacity so STO when looking at folding in COI in the future will look at both east gas and LNG equivalent prices reserves
Further 2 p reserve growth highly likely
The time to buy/accumulate is when we have a lull
COI Price at posting:
17.3¢ Sentiment: Buy Disclosure: Held
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