At todays sp of 26c,Cooper seems to be valued at around $20 per brl of its 1.1mil reserves plus $18mil cash as at 3rd qtr.(say with a -10% fudge factor built in)
3rd qtr produced 131mmbls for est NPAT of $4.41m.
Thats $33/brl net.
So each qtr that production and oil price remain at current levels,COE's cash accumulation adds to its valuation by $1.7mil.
ie,the $13 dollar difference between the $20 per brl in the ground and the net $33 per brl sold.
So 130000brl production per qtr times $13 equals $1.7mil
At 136mil shares thats 1.2c per share addition to COE's valuation.
**Assuming production and Oil price remain at current levels**
Note:Didn't include "before" tax $540k write off for Kitson in 4th qtr and $900k for Yanerbie in 1st qtr 06.
Please do your own research.
undervalued
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Last
22.0¢ |
Change
-0.010(4.35%) |
Mkt cap ! $580.8M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.0¢ | $634.4K | 2.919M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 107055 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
21.5¢ |
Change
-0.010 ( 5.83 %) |
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| Open | High | Low | Volume | ||
| 22.5¢ | 22.5¢ | 21.0¢ | 2559693 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| COE (ASX) Chart |