Thr gas in OP3D was probably better staying in the ground than selling it at $8 to $10 per gj.
It would go for $12/GJ now.
Current, floor price is $12/GJ for spot so profit margin would increase to roughly $8/gj. Not including the processing margin.
The contracts start rolling over in 2026 to 2028.
I expect the share price to move significantly in 2027 to to 2028, when free cash-flow cranks harder.
Before that period has occured I would like share buy-backs to occur to reduce the 2.4 billion shares in circulation.
Thr gas in OP3D was probably better staying in the ground than...
Add COE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $580.8M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 21.0¢ | $1.625M | 7.490M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 251750 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 21208 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |