CE1 looking primed for a breakout IMO.
- currently undertaking a drilling campaign for 3 new wells (Attachment 1 & 3).
- $7.5 million capital return, equalling 1.2c per share due this month (image of announcement below).
- oil prices in an uptrend and looking strong (attachment 2 & 3).
- Auctus Advisors have a price target of $0.45c (attachment 5).
- management have been recently buying on-market.
- top50 shareholders control 63.6% of CE1.
- Canadian players have presented takeover bids for CE1 in recent past, and future bids are being speculated.
- strong news flow expected in the short/medium term due to drilling campaign and due to talk of potential takeover bid.
- Annual revenue = AU~$98 million dollars.
Current market cap AU$~ $58 million
Significantly undervalued IMO
- Forums
- ASX - By Stock
- CE1
- Ann: Rising oil prices - Hedging Update
Ann: Rising oil prices - Hedging Update, page-47
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CE1 (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $5.700M |
Open | High | Low | Value | Volume |
0.8¢ | 1.0¢ | 0.8¢ | $100.8K | 10.85M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 772763 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 2713985 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 371097 | 0.009 |
12 | 15772624 | 0.008 |
13 | 23197142 | 0.007 |
7 | 1460000 | 0.006 |
12 | 4462000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 2713985 | 6 |
0.011 | 1250000 | 1 |
0.012 | 4356481 | 2 |
0.015 | 180000 | 3 |
0.025 | 2225000 | 1 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
Featured News
CE1 (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online