fat prophets

A definite reason for the strong buying yesterday and today. Something was up and this definitely helped.

(considering it was obvious a couple of days ago Strickland is dry)

Fat Prophets put out report yesterday saying " COE is fundamentally UNDERVALUED at 66 cents"

Big call.

The last time Fat Prophets issued a buy on COE it was 44 cents a couple of months ago.

And we know what happed then, sp moved quickly.

They also say, that COE has had a good run and is due for some consolidation.

So, all in all, Fat Prophets are giving some firm support to COE at the 70 cent range as I see it.

Pretty amazing considering only in December they started recommending it a buy at 44.

Go Gavin Wendt...Fat Prophets new small resource guru and COE supporter !

Apparently there was a positive article in the FIN Review as well.

Some big money follows Fat Prophets, and reading the report, Madura, Fairbridge potential production, POO, and the reserves upgrades are getting attention.

Fat Prophets conclude by saying

" Despite its recent share price strength , Cooper Energy represents a significantly undervalued junior oil play.
In our view IT IS DIFFICULT TO FIND A BETTER VALUE JUNIOR OIL EXPOSURE AND COOPER WILL REMAIN IN THE FAT PROPHETS MINING & RESOURCES PORTFOLIO."

Those considering selling on dry Cooper basin drills should look at the bigger picture imo.


http://www.fatprophets.com.au/miningold/content.aspx?page=Cooper+Energy%2c+Fat+Mining+11

Its on COE website.