for Cobra from this morning
http://hotcopper.com.au/threads/far...2673673/page-25?post_id=16728521#.Vot6sPl96Uk
With a MC of 300 mill, the market has given large value to the SNE find already.
Once CNE update the numbers the market will get a better idea of value, but with$30 odd dollar oil, and world growth teetering. Far may struggle to hold onto SP gains of late, COP's exiting of deep water exploration wouldn't been sending the best signals to the market either.
As to when COP sell Senegal? Not sure, they have stated they want to get full value from it and one would have to think that's from a full 6 appraisal holes, but time will tell.
I hope the buyer is a large mulit-national with deep pockets, that can drive to production with no cash issues.
could be worse, page-16
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Last
52.0¢ |
Change
0.015(2.97%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 52.0¢ | 50.5¢ | $17.38K | 33.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 96060 | 2 |
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| Last trade - 14.33pm 18/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |