The average cost is about $8/GJ. With an under-performing Orbost gas plant and now potential delays to OP3D the share price is going to track sideways until two things happen.
1) Orbost gets to 65tj/d;
2) contracts roll off after 2025 and get repriced at $12/gj
But the main thing I've learnt with this stock is "an east coast shortage doesn't mean anything if the company has already committed to low contract prices before the shortage occurs"
The average cost is about $8/GJ. With an under-performing Orbost...
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Last
22.0¢ |
Change
-0.015(6.38%) |
Mkt cap ! $594.0M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.0¢ | $1.359M | 6.020M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 478350 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 148053 | 19 |
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| Last trade - 14.49pm 24/06/2024 (20 minute delay) ? |
| COE (ASX) Chart |