Cooper Energy Likely to Raise Bar on Production Guidance -- Market Talk

Dow Jones10-08

2218 GMT - Cooper Energy is likely to upgrade its production guidance now that its Orbost natural-gas plant is performing consistently, reckons Macquarie. Cooper has an annual target of producing 62-69 terajoules of natural gas per day, but Macquarie points out that the Orbost plant has tracked close to its nameplate capacity since mid-July following operational improvements. As a result, the bank now expects Cooper Energy to produce an average of 70.6 terajoules/day in FY 2025. That's up from a prior forecast of 68.8 terajoules/day. "Better Orbost production not only boosts earnings and increases spot market exposure, but also accelerates Cooper Energy's deleveraging (supporting equity re-rating)," Macquarie says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 07, 2024 18:18 ET (22:18 GMT)

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As a result, the bank now expects Cooper Energy to produce an average of 70.6 terajoules/day in FY 2025. That's up from a prior forecast of 68.8 terajoules/day. \"Better Orbost production not only boosts earnings and increases spot market exposure, but also accelerates Cooper Energy's deleveraging (supporting equity re-rating),\" Macquarie says. 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Cooper has an annual target of producing 62-...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COE.AU","symbol_name":"COOPER ENERGY LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2473373437","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473373437","pubTimestamp":1728339480,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2218 GMT - Cooper Energy is likely to upgrade its production guidance now that its Orbost natural-gas plant is performing consistently, reckons Macquarie. Cooper has an annual target of producing 62-69 terajoules of natural gas per day, but Macquarie points out that the Orbost plant has tracked close to its nameplate capacity since mid-July following operational improvements. As a result, the bank now expects Cooper Energy to produce an average of 70.6 terajoules/day in FY 2025. That's up from a prior forecast of 68.8 terajoules/day. \"Better Orbost production not only boosts earnings and increases spot market exposure, but also accelerates Cooper Energy's deleveraging ,\" Macquarie says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"COE.AU":"COOPER ENERGY LTD","BK7142":"石油与天然气的勘探与生产"},"translate_title":"库珀能源可能会提高生产指导标准——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COE.AU":0.9},"content_text":"2218 GMT - Cooper Energy is likely to upgrade its production guidance now that its Orbost natural-gas plant is performing consistently, reckons Macquarie. Cooper has an annual target of producing 62-69 terajoules of natural gas per day, but Macquarie points out that the Orbost plant has tracked close to its nameplate capacity since mid-July following operational improvements. As a result, the bank now expects Cooper Energy to produce an average of 70.6 terajoules/day in FY 2025. 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