COE 0.00% 22.5¢ cooper energy limited

XOM and WDS selling Bass Strait Assets, page-3

  1. 1,439 Posts.
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    Bass Strait
    Bass Strait will be sold at very attractive prices due to ESG-driven repositioning by majors.
    Sale price is likely to be very cheap valuation based on a relatively low gas price, plus contingency payments based on gas price for several years.
    So it will likely be a relatively very profitable, low risk entry to significant assets.
    There are a lot of assets on the market for majors repositioning, so it will be on the cheap side.
    The question is whether COE get a piece of the action.
    I suspect that thy will, or at lesat be trying to get a piece,

    New CFO
    Dan Young was recently appointed CFO. A good operator.
    Is it possible that Maxwell will retire shortly - he must be getting long in the tooth?
    Dan Young would be the logical replacement IMO.
    I suspect that Dan appointment is succession planning - but only guessing (1+1=2 or 3?) .
    I suspect Dan Youn appointment was in the context of gas plant acquisition and Bass Strait bid.

    That's my take, but I have been wrong many times before.
    Time will tell.
 
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22.5¢
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Mkt cap ! $594.0M
Open High Low Value Volume
22.5¢ 22.5¢ 22.0¢ $593.7K 2.672M

Buyers (Bids)

No. Vol. Price($)
10 290435 21.5¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 205975 5
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