Great analysis as always.
My view is that the look through value is too low because the multiple is low considering current spot price of gas in WA and the export potential. Can see the policy being revised within 5 years.
Additional upsides
Strike is operator
Strike owns freehold land for gas developments
High probability of success for SW Erregulla & Erregulla Deep
Permian leads in EP 504
I could go on.
Note have no idea if CCS is worth anything today.
Based on this I expect a takeover later this year.
STX is a steal under $1.20.
Would prefer to stay listed and become $3b plus market cap.
Great analysis as always.My view is that the look through value...
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Mkt cap ! $579.3M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $615.0K | 3.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 72 | 3105097 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 683754 | 49 |
View Market Depth
| Last trade - 12.26pm 18/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 20.0¢ | 20.3¢ | 19.8¢ | 1436783 | ||
| Last updated 12.40pm 18/06/2024 ? | |||||
| STX (ASX) Chart |