A "double bottom" buy sounds like a "cheeky" entry price - but at that price your risk is low IMHO.
Because whilst Orbost is not producing its planned 68tj/d, it IS now producing at 45tj/d - so cash is flowing into COE at rates not previously seen at COE.
I have calculated no numbers to back my view, but I reckon at 45tj/d will be enough to repay project debt (albeit maybe over a longer period), plus cashflow to explore further wells, and develop Annie etc. As we also will have higher cashflows from Casino Henry fields and Athena plant.
A "double bottom" buy sounds like a "cheeky" entry price - but...
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $594.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.0¢ | $409.4K | 1.826M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 136022 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 87266 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |