I think the gas market is fundamentally changing with the phase out of coal.
I think market inefficiency is going to occur with spot gas prices around the world.
Supplying gas to firm up the electricity grid when there is no generation from wind, solar or battery is not worth holding in gas storage tanks because the weather is unpredictable.
It has to be sourced from gas fields. The closer to market the better, COE is well placed for this.
I think the gas market is fundamentally changing with the phase...
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $580.8M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $746.3K | 3.382M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 395153 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 120000 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |