Hi Another punter & Invertedva,
If this was an only ASX listing this would not be constantly trading with a smaller MC than CUE. It's not valued correctly by the KIwi's & therefore reflects on the ASX price also. Also O & G stocks generally are out of favour this year - it's all about Gold, Copper & Iron Ore at the moment!!
LNG is now priced as if COVID-19 never happened & is less dependent on the traditional oil-price-link.
LNG into NE Asia is now above US$8 per mmBtu
https://www.reuters.com/article/global-lng/global-lng-asian-prices-rise-to-nearly-two-year-high-on-winter-demand-idUSL1N2IK0PB
Peter Strachan (Formely Stockanalysis) last year put a target $6.51 on NZOG upon success at Ironbark based on 76% of the estimated 15tcf .
So yes, 5-8 x current SP is entirely possible.
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Hi Another punter & Invertedva,If this was an only ASX listing...
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Last
39.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $87.34M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1072 | 1 |
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| Last trade - 16.12pm 30/05/2024 (20 minute delay) ? |
| NZO (ASX) Chart |
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