DJ Strike Energy Bull Nudges Back West Erregulla Start -- Market Talk
STX $0.21 $0.00(0.0% $0.215$0.22
15 Jul 2024 09:11:05
6 Views
2311 GMT - Wilsons stays bullish on Strike Energy, despite the investment back pushing back expectations for first gas from the West Erregulla project. Analyst James Karakatsanis now thinks West Erregulla won't start up until 2027, some 12 months later than forecast, given long development times in the Perth basin. Still, Wilsons sees the West Erregulla project becoming a more prominent proposition in Strike's portfolio after a price revision to supply Wesfarmers with gas and recent environmental approval for the development. "We adjust our modelling accordingly and adjust West Erregulla up A$0.03/share in our risked sum-of-the-parts valuation despite the risk to delays in startup," says Wilsons. It retains an overweight call on Strike's stock and A$0.33/share price target. Strike ended last week at A$0.215. ([email protected]; @dwinningWSJ)
- Forums
- ASX - By Stock
- STX
- Ann: West Erregulla receives EPA Approval
Ann: West Erregulla receives EPA Approval, page-167
-
- There are more pages in this discussion • 1 more message 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 STX (ASX) to my watchlist
(20min delay)
|
|||||
Last
18.5¢ |
Change
0.015(8.82%) |
Mkt cap ! $530.0M |
Open | High | Low | Value | Volume |
17.5¢ | 18.5¢ | 17.5¢ | $1.194M | 6.650M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 835380 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 0.180 |
14 | 1366735 | 0.175 |
20 | 1659941 | 0.170 |
19 | 759410 | 0.165 |
31 | 1504984 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 835380 | 14 |
0.190 | 835738 | 8 |
0.195 | 685482 | 10 |
0.200 | 684790 | 10 |
0.205 | 599557 | 9 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
STX (ASX) Chart |