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19.5¢ cooper energy limited

Ann: Market and guidance update, page-12

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SallySet

5,739 Posts.

1066

07/06/23

13:21

Post #: 68173881
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Originally posted by coto: ↑

COE held up pretty well considering the horrible news and poor ASX market day overall, following a red day in US markets and more news of interest rate rises with a more entrenched environment of stagflation. IMO it remained solid with support mainly due to the already oversold nature of the stock. Most of those investors wanting out, would have already made the call the previous 5 or 6 announcements full of bad news the past year or so. It seems like it's now an opportunity for investment houses to make a call and see if the stock has bottomed out, which generally tends to happen during June each year. It depends how much confidence these institutions have in new management to turn around the ship, as well as their outlook of gas prices.

We saw gas prices explode overseas the other day from lows and at some stage a true break out higher will occur. Plenty of money to be made by those bullish on long term gas prices imo. Although if management can't turn around the business then it wont matter so you need to have confidence in both working out. As the chart below shows, there is a lot of potential when it does turn around!

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No buy depth - it's pathetic!

13.5 on the ask now.

All the best.

COE Price at posting: 13.3¢ Sentiment: None Disclosure: Not Held
1 Upvote

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(20min delay)
Last 19.5¢		Change 0.000(0.00%)		Mkt cap ! $514.8M

Open	High	Low	Value	Volume
19.5¢	19.5¢	19.0¢	$140.1K	723.3K

Buyers (Bids)

No.	Vol.	Price($)
33	538111	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	226014	16

View Market Depth

No.	Vol.	Price($)
35	706445	0.190
12	932940	0.185
14	628847	0.180
13	1027112	0.175
9	496104	0.170

Price($)	Vol.	No.
0.195	226717	15
0.200	833638	23
0.205	865411	16
0.210	1112645	10
0.215	356746	10

Last trade - 13.35pm 04/10/2024 (20 minute delay)

COE (ASX) Chart