STX 4.65% 22.5¢ strike energy limited

Because they are in the process of signing GSAs at 12 plus...

  1. 20,365 Posts.
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    Because they are in the process of signing GSAs at 12 plus including potential large prepayments
    Because their JV partner is Santos who is short gas for GLNG , a project they have spent billions in capex on and running at name plate is extremely important to the economics
    Because STO are doing longer and longer laterals with massive productive jumps and they are the operator
    Because East coast is a lot more short gas than west coast
    Because data room process has flushed out some change of control transactions as announced by company
    Because its valued at 40c plus while trading at 19,5 and this is before you allow for current prices and flow rates from wells
    Because the MD and chairman own 50m shares and would be more open to a TO at the right price
    Because Comets flow test in their 100% owned acreage set flow rate record for the length of the lateral in the area
    Because last year GSA in QLD were signed at 10-20 gj
 
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Last
22.5¢
Change
0.010(4.65%)
Mkt cap ! $643.6M
Open High Low Value Volume
22.5¢ 23.0¢ 21.5¢ $3.339M 14.95M

Buyers (Bids)

No. Vol. Price($)
7 337869 22.5¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 1651352 24
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
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