I don't think at this point CE1 is significantly underpriced... as they do have pretty high CAPEX/OPEX to maintain production levels .. and a history of not meeting targets and selling assets well below costs and base valuation.
I'm thinking more so higher Energy prices will lift all operators and CE1 being a minor Micro cap could catch a bid for those retailers wanting a spec energy exposure ...
22Mmboe 2P reserves give some backbone to valuation and maybe T/O target going forward to a more successive operator in the area
Core Nav based on the company’s 2P reserves only is A$0.28 per share
I don't think at this point CE1 is significantly underpriced......
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Last
1.0¢ |
Change
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Mkt cap ! $6.334M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 1.0¢ | 0.8¢ | $66.23K | 7.434M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16074018 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 3293336 | 12 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |