Australia's largest stock trading and investment forum Australia's #1 stock forum

STX

Click for more information

3.57%

20.3¢ strike energy limited

Ann: Strike and Koch Fertilizer Agree to Urea Offtake, page-47

First 47 Last

Share
Profile

Follow
glendronach

937 Posts.

551

19/05/22

13:22

Post #: 61500558
Share

Originally posted by invertedva: ↑

To access finance, you need to firm up reserves and sign forward sales contracts.
If Strike were a multibillion dollar company like Koch they could do it all in-house, but we aren't there... yet.
And I'm sure Koch would look at Strike and think to themselves, maybe we should bring it in house, and use the rest if that super cheap gas to produce all the other chemicals we sell.
I've also been waiting for mid cap O&G companies in Australia to start being taken private given so many are under priced and are having difficulty access finance at reasonable price i.e. because of ESG. Also, many large private players in this space are flush with cash at the moment, and after paying off debt, will start looking for acquisition opportunities.
For example, check out this figure with relation to oil producers in the US.

Good to see the price up on a bad day, but think the market is still sleeping on this one

Expand

great post Invert. ARU are up 17% on their non-binding BOA for a proportion of their production - we are up 3% on 100%! No justice in this world!

STX Price at posting: 31.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

2 Great analysis

Reply

There are more pages in this discussion • 78 more messages in this thread...

First 47 Last

Add STX (ASX) to my watchlist

(20min delay)
Last 20.3¢		Change -0.008(3.57%)		Mkt cap ! $572.1M

Open	High	Low	Value	Volume
21.0¢	21.3¢	20.0¢	$939.1K	4.529M

Buyers (Bids)

No.	Vol.	Price($)
109	3127871	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	856978	41

View Market Depth

No.	Vol.	Price($)
106	3106888	0.200
55	1255189	0.195
29	848774	0.190
24	817703	0.185
17	569071	0.180

Price($)	Vol.	No.
0.205	869595	42
0.210	1114673	19
0.215	925307	18
0.220	1356581	18
0.225	1056074	17

Last trade - 13.52pm 30/05/2024 (20 minute delay)


Last 20.3¢			Change -0.008 ( 3.98 %)
Open	High		Low	Volume
21.0¢	21.3¢		20.0¢	1773678
Last updated 13.53pm 30/05/2024 ?

STX (ASX) Chart

SPONSORED BY