Ann: Trading Halt, page-20

I've been sitting on the sidelines watching COE for some time.
The thing that bothers me about this deal is that it entrenches COE as a one-trick pony. They now have all their cards, including significant debt, fixed into these two SE Aust gas plants, both of which have been (variably) problematic over the journey.
Sure, if it all works, it'll be good (but not brilliant), but if the plants and fields hold to form, there could easily be trouble. That might be reserves, or pipeline, or process, or market, or price.
I would have much preferred them to diversify their investments rather than concentrate them. More Cooper Basin or ....
I doubt I'll be coming back in any hurry - I am wary of one-trick ponies, no matter their breed.

mutineer