Let's look at CUE:
-earnings from NZ oil/gas still OK
-earnings from Indonesian Gas (price set last year at a higher than current spot) very good
-East Kalimantan oil well (potentially oil field (ann last Jan)
-WA offshore gas tenements (not costing anything to hold) Could flog.
-still making good money despite the downturn in the price of oil
-$29 mil cash
-no debt
It all looks rosy , but:
-3 board members have been dumped and replaced by 2 NGO nominees
( one the CEO of NGO & the other a PPP and ex BP executive with a
consultancy service of his own)
-NGO tried on a takeover last year securing 48% of CUE
-NGO's profit made up mostly of CUE stake for the 6 months to Dec.
If this were to be a Shakespearian play we would be itching in our seats for the grand finale;
or at least the next head to roll.
So where does all this leave retail investors ?
IMO, in a good position because :
-NGO did the board transplant after the CUE oil strike.
-it will not likely hang around now that the price of oil is still low
and (to quote a variation on Oscar Wilde)
-" little oil wells are cheaper this year , much cheaper than last year".
IMO, the board has been loaded with pro NZO directors for the final assault.
At what price do I hear you ask?
You tell me.
What would you sell at?
Mm
- Forums
- ASX - By Stock
- Ann: Board Changes
Let's look at CUE: -earnings from NZ oil/gas still OK -earnings...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CUE (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $69.83M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 10.0¢ | $39.12K | 391.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 53364 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 658784 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 53364 | 0.100 |
2 | 30624 | 0.098 |
1 | 105263 | 0.095 |
1 | 200000 | 0.090 |
1 | 5445 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 658784 | 8 |
0.110 | 1564615 | 12 |
0.115 | 827000 | 2 |
0.120 | 529000 | 3 |
0.125 | 325000 | 1 |
Last trade - 14.20pm 07/08/2024 (20 minute delay) ? |
Featured News
NEWS
Is oil undervalued?
CUE (ASX) Chart |