Amplitude Energy Holds Upside Potential on Sustained Orbost Production, Says Euroz Hartleys

MT Newswires Live07-17

Amplitude Energy (ASX:AEL) could see potential upgrades if strong production levels at its Orbost gas plant persist, Euroz Hartleys said in a note on Thursday.

Greater policy certainty around the Federal Government's gas reservation scheme, along with success at its Juliet exploration well, could improve market sentiment and support a re-rating from current share price levels.

Investors are closely watching developments related to the East Coast Supply Project, with a Final Investment Decision targeted for the first quarter of fiscal 2027. The project is expected to strengthen Amplitude Energy's earnings by utilizing spare capacity at the Athena Gas Plant.

Euroz Hartleys reaffirmed a buy rating but lowered the price target to AU$3.03 from AU$3.10.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment