CTP central petroleum limited
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CTP's share price weakness - 14c COB today - is not due to LD &...

  1. Ashentegra
    5,912 Posts.
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    04/12/19
    16:15
    Post #: 41794079
    CTP's share price weakness - 14c COB today - is not due to LD & team nodding off while drawing fat salaries. It is more than explained by recent falls in gas prices.

    https://www.aer.gov.au/wholesale-markets/wholesale-statistics/sttm-quarterly-prices

    From recent peaks ~$10.00 Gj, Brisbane gas is now ~$7.25 Gj.

    We have no word on gas sales agreements after IPL ends its contract for Phosphate Hill. Users would be nuts to commit into a falling market.

    Potential JV partners would be recalculating the worth of producing assets on these new prices.

    CTP's share price could well go lower.

    I remain committed.

    Ash
    CTP Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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5.9¢ 		Change
0.001(1.72%) 		Mkt cap ! $43.97M
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5.9¢ 5.9¢ 5.7¢ $4.364K 74.41K

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No. Vol. Price($)
2 564138 5.7¢
 

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Price($) Vol. No.
5.9¢ 172675 2
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Last trade - 15.15pm 20/06/2025 (20 minute delay) ?
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