COE 0.00% 23.0¢ cooper energy limited

Market Talk

  1. 351 Posts.
    lightbulb Created with Sketch. 12
    Cooper Energy Target Price Raised 8.0% to A$0.27/Share by Macquarie

    DJ Cooper Energy Increasingly Appeals as Takeover Target -- Market Talk
    2257 GMT - The conclusion of Cooper Energy's well decommissioning program at the BMG oil field could make it a takeover target, Macquarie says. Cooper Energy expects the final cost of the BMG program toward the upper end of its prior A$240 million-A$280 million estimate. So, Macquarie thinks Cooper's net debt will peak at A$279 million at end-June, falling to A$249 million a year later. "We believe there is an elevated risk of corporate interest, now the BMG work is complete (was a significant overhang, costing more than initially expected), considering recent industry M&A," Macquarie says. "This now enhances the investment case, in our view." ([email protected]; @dwinningWSJ)
    (END) Dow Jones Newswires
    May 28, 2024 18:57 ET (22:57 GMT)
 
watchlist Created with Sketch. Add COE (ASX) to my watchlist
(20min delay)
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
Last trade - 16.10pm 31/07/2024 (20 minute delay) ?
COE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.