An impressive presentation IMHO - it looks ready for launch .... but gas minors are generally being sold down by the market, and valuations by analyst's who support these companies (i.e. brokers who hope for more CR fat fees) which are more than twice current SP's look aspirational to say the least. The endless mantra about "east coast gas shortages" causing "the death of manufacturing" "high electricity prices" is just not helping gas minors, who are becoming more minor by the day - the big international companies like Santos cant be controlled or bullied by mere politicians. COI looks like a mice caught in a cats paw (STO), which its plays wth till it gets bored, kills it and consumes it, without a pang of regret.
Governments of all persuasions know gas is necessary for ever expanding electricity needs, and know that gas is necessary for "energy transition to "alternative" " sustainable " blah blah blah .... but have no interest in who owns and operates nor shareholders, they just want "reliable, affordable, environmentally friendly" etc etc etc.
Of all the gas 'dogs' I have in my kennel, COI looks the most likely .... but that is "aspirational" and whether I hang on or simply tax loss the lot of these gunna gas plays, is something I'm contemplating and will finalise by NY .... such is life.
COI Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
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