I've been out of CE1 for a while now but looking at the numbers, it looks like a buy to me. $55 mill market cap for a $16 mill EBTDA, maintaining 4000 boepd. Previous management had poorly handled the company, I believe Karl can do a great job with the current state of things. The current projects have great reserves, and plenty of wells could be added if CE1 wanted to scale above 4000 boepd at a sustainable rate while also maintaining capital returns.
Ann: Tommy Lakes and Montney acreage sold for A$12 million, page-110
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $6.334M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $42.99K | 4.587M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3555952 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 3985720 | 18 |
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| Last trade - 11.24am 21/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |