COE 2.27% 22.5¢ cooper energy limited

re: el down to 46 mate, page-19

  1. 8,910 Posts.
    lightbulb Created with Sketch. 541
    re: utter rubbish in unison I'm inclined to agree with Hellyeah's flower/train analogy
    Not much speculative appeal here until we get closer to some drilling, in particular, Kurnia spud, ~June 2007 ?

    Had a good look at their fundamentals today, and even factoring in a reserve upgrade from Worrior, say 180,000 brls net to COE, trading at 45-50c sp I don't think the market is being unkind.

    I do like COE's relative transparency in reporting
    If a lot of other junior oilers were as transparent in their reporting as COE, they would be trading a lot lower.

    Medium/long term it seems a safe buy, As for taking a trading position for kurnia, I think I will wait a while.
 
watchlist Created with Sketch. Add COE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.