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5.4¢ central petroleum limited

The market would presumably be more accepting of Hydrogen and...

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smsman

649 Posts.

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30/07/24

15:07

Post #: 74984017
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Originally posted by numeraire: ↑

The subdued share price reaction from yesterday's announcement clearly indicates the market doesn't care about Gas.

NTG has signed three GSA since April - yet none of the players involved (TBN, EEG, HZN, NZO, CTP, CUE) saw any significant uplift in their share prices, despite locking in long term fixed price agreements with AAA government backing.

IMHO this is directly related to Gas being demonised by the left, even though the penny finally dropped with the Federal Government reaffirming "...gas will remain an important source of energy through to 2050 and beyond."

Whilst its likely we won't see any upside from this significant deal in the short to medium term, the market will not ignore the earning and dividends that will follow through the life of these substantial agreements.

Patient capital will win in this case.

GLTAH

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The market would presumably be more accepting of Hydrogen and Helium production. Unless they pull their finger out and get drilling, then they might as well distribute their earnings as dividends, although I would much prefer exploration.
By the way, does anyone really think the way the share price has been marched down, then up, then down again, is a normal market at work? Just asking!

CTP Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.4¢		Change 0.001(1.89%)		Mkt cap ! $40.24M

Open	High	Low	Value	Volume
5.3¢	5.4¢	5.3¢	$4.518K	84.53K

Buyers (Bids)

No.	Vol.	Price($)
1	28332	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	31507	1

View Market Depth

No.	Vol.	Price($)
1	28332	0.053
4	328254	0.052
3	554313	0.051
4	375000	0.050
3	40418	0.041

Price($)	Vol.	No.
0.054	31507	1
0.055	100000	1
0.058	100000	1
0.060	99559	2
0.062	11500	1

Last trade - 16.10pm 11/11/2024 (20 minute delay)

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