Guys, just heard that there are calls by the energy regulator in relation to Australia’s ‘gas dysfunction’ with the only way out of this situation being via bringing new supply online.
COI got the gas in close proximity to existing pipeline infrastructure which is so lucrative for an acquirer. As mentioned by people on this forum in recent months, we are an ideal takeover target for a larger player.
One would think that executives at the bigger energy players would get clarity on the domgas market mechanism situation before your average Joe Blow retail investor and so the dwindling share price of COI creates opportunity for a bigger fish to make an offer at huge discount to intrinsic value of the business. This stock trades at such a steep discount to booked gas we could wake up any day to find an offer on the table.
Stay patient folks.
COI Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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