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Question on Cooper Energy (COE)

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Question on Cooper Energy (COE)

The gas price is high and supply is tight but the share price of Cooper Energy [COE} remains in the doldrums. Is it processing problems or all supply contracted and no surplus for higher spot prices ? Is it a hang in there for upside or move on. Thank you

Answer

Hi Paul,

It’s their funding that’s the issue. On estimations that I’ve seen they’ll need $400-$500mn to fund their future growth which is big for a company with a market capitalisation of $473m. It is likely that they will tap shareholders for capital.

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