I agree, dual listing is not the answer. if money can be raised for capital raising without much fuss then it says something. CE1 didn't struggle to raise those funds so money to invest is around. I read so often that because oil is on way up then CE1 will follow in these posts and external posts. Its gone from $70 to $125 which is about 80% jump [that is all pure profit too] yet we have seen the price go from 20 cents to 22 or so?? it went to 25 cents before the oil spike why aren't we above 25 cents so I am not convinced of all the comments and commentry out there.
So lets say oil goes to $200, will the CE1 price be 57 cents? i think it may struggle at this stage. I am not sure where the 75 cents target price from some analyst group comes into it or which year they may have said it was to happen.
Regards to comment Investor appetite in Australia is not for oil. I think there will be some if the price was to double or triple at the end of the day and if there isn't a lot of short term energy options at the moment and protecting the base then focus will change. Even Elon says according to one post says more oil and gas.
CE1 - oil is shallow. There is a pipeline not far away, has acreage, has a good team and lucky to have Glenn. Carbon footprint is lower with less transport costs etc. Maybe a bit more can be done of net zero target which may attract some, especially at the moment. It actually makes good sense to so anyway. The other thing to consider, is that Canada doesn't or won't need to import as much oil from Iran with the vast oil supplies it has and to have ships travel all that way and the carbon that is emitted and possible disasters from a spill possible as it is delivered to a port up a river kind of makes sense to buy and produce local until alternate options are available....alternate options will happen and its important to transition and re-invent itself.
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