CUE 0.00% 6.6¢ cue energy resources limited

CUE -Steady Uptrend Developing, page-2

  1. 1,317 Posts.
    Cue is
    . debt free,
    . has about $4.0 million in cash,
    . has good and increasing revenues from SE Gobe,
    . run by a revamped and focused board after last year's shenagins,
    . about to drill a new well Bilip in PNG
    . to participate in the Oyong gas field development with Santos - should be more news on that soon

    Only question mark is how Cue will finance its part of the Oyong development. If it uses a floating platform, which appears to be the preferred option, this can be leased and thus reduce costs. Oyong leases could well turn up more gas/oil as they appear to be quite prospective. I hold Cue. It is usually a stock that daytraders spikes on news or anticipation of good news but this time is is strengthening more sedately which is a good thing suggestive of longer term investors. Can't see why Santos would want to buy it but then I'm no expert on oil mergers and acquisitions. JBC

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Mkt cap ! $46.07M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 31500 6.3¢

Sellers (Offers)

Price($) Vol. No.
6.9¢ 533583 1
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Last trade - 07.00am 12/08/2022 (20 minute delay) ?
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