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.
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A "double bottom" buy sounds like a "cheeky" entry price - but...
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Last
22.3¢ |
Change
0.003(1.14%) |
Mkt cap ! $580.8M |
Open | High | Low | Value | Volume |
22.5¢ | 23.0¢ | 22.0¢ | $375.9K | 1.677M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 692101 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 391802 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 900432 | 0.220 |
10 | 1481834 | 0.215 |
16 | 1106646 | 0.210 |
10 | 368850 | 0.205 |
12 | 594437 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 266347 | 13 |
0.230 | 485286 | 13 |
0.235 | 1062899 | 26 |
0.240 | 2969430 | 27 |
0.245 | 568351 | 14 |
Last trade - 15.44pm 09/08/2024 (20 minute delay) ? |
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