Exxon and Woodside are looking to off-load liability while hydrocarbon prices are high. Buying this asset is a lottery; competing & unknown components of oil price and gas price/demand on one hand, against operating and future abandonment costs on the other hand. Both the positive and negative aspects are big bucks and essentially beyond the control of the operator ==> therefore a lottery. I could not support any listed company to buy into such uncertainty. Let the incumbents shoulder the wind down costs.
mutineer
XOM and WDS selling Bass Strait Assets, page-9
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add COE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $488.4M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $494.0K | 2.662M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 495889 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 266629 | 8 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| COE (ASX) Chart |