STX 0.00% 19.5¢ strike energy limited

Ann: Q4 FY24 Quarterly Report & Appendix 5B, page-57

  1. 177 Posts.
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    From Bell Potter Yesterday. Target price increased slightly from $0.31/sh to $0.32/sh.

    "Investment view – Speculative Buy, Valuation $0.32/sh
    Cash flows from the producing Walyering field support STX’s growth via the potential
    SE power facility and West Erregulla (50% STX) gas developments. These projects
    are all linked to the Western Australia energy market, where gas and electricity prices
    have recently strengthened, and supply deficits are expected over the rest of decade.
    Our heavily risked valuation of $0.32/sh (previously $0.31/sh) supports a Speculative
    Buy recommendation."
 
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