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Strike Energy: ASX STX

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Strike Energy: ASX STX

Team, What are your thoughts on the recent announcement Walyerling reaching operational payback. This seems to bode well for the stability the company and future prospects. However, the SP isn't ultimately moved higher post the news. I'm trying to understand if the company is fairly valued based on current assets and profits now being generated incorporating this announcement. I realised that the market is waiting updated recent drilling results, however, again, just tying to get a feel for the baseline value here. Cheers

Answer

Hi Philip,

It’s hard to get a handle on the fair value for this company, and we’re not close to it unfortunately. Below is a cross section of where analysts see it currently. Hope that helps.

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Strike Energy (STX) Analyst Calls – Source Bloomberg
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