CTP central petroleum limited
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Ann: HZN: Mereenie Infill Drilling Program, page-17

  1. psi81
    6,461 Posts.
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    13/12/24
    09:31
    Post #: 77029889
    Agreed, the combination of higher prices and much lower pipeline tariffs is going to almost double the operating profit.

    If the SP stays at 5c I hope they will do a buyback, it would be a very efficient use of capital and create buy-side pressure. $5M at 5c would buy back 13% of the issued stock.

    Divs would be unfranked too so a buyback is tax-efficient.
    CTP Price at posting: 5.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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