Nightmarez3k
2022-06-08

$Cooper Energy(COE.AU)$


Been a while since my last post. This one is a gas company in east coast of Australia.


It has recently upgraded it'S editba estimates above its previous guidance to $70-78M.


The company has sorted out it's production issues at new gas plant. It is now benefiting from consistent production numbers and higher gas prices thanks to ban on Russian gas. This situation is unlikely to change soon.


A price cap of $40/GJ has been placed on gas sales which is signicantly more than it's long term sale price of $8/GJ. The company is currently raking in money selling a good proportion of it's gas on the spot market.


DYOR and good luck.

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Comments

  • TripleWin
    2022-06-08
    TripleWin

    [Like] 

  • MortimerDodd
    2022-06-11
    MortimerDodd
    Thank you for your recommendation. I will pay close attention to Cooper Energy
  • HilaryWilde
    2022-06-11
    HilaryWilde
    I don't think energy stocks have much further to go.
  • DonnaMay
    2022-06-11
    DonnaMay
    As an owner of the stock, I'm pretty happy with the current situation.
  • EvanHolt
    2022-06-11
    EvanHolt
    The company is sure to have a good financial year.
  • Maria_yy
    2022-06-11
    Maria_yy
    Gas prices will continue to rise.
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