Given Cooper Energy's strong recent performance, Morgans had expected yesterday's guidance upgrade. As a result, the lift in FY22 production and earnings (EBITDAX) guidance, and reduced planned FY22 capex spend were in-line with the analysts's forecasts.The broker retains the Add rating and $0.35 target and notes the outcome of talks between the company and Orbost-operator APA Group ((APA)) is keenly awaited.In terms of outcomes, Morgans would prefer a change of ownership transaction on Orbost compared to a new long-term commercial operating agreement between APA Group and Cooper Energy.
Given Cooper Energy's strong recent performance, Morgans had...
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Last
21.5¢ |
Change
0.015(7.50%) |
Mkt cap ! $567.6M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 22.0¢ | 20.5¢ | $951.4K | 4.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21919 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 578771 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |