ICN 10.0% 2.2¢ icon energy limited

revolution begins

  1. 800 Posts.
    lightbulb Created with Sketch. 1
    Macquarie’s Adrian Wood says the arrival of Chevron confirms that one of the world’s biggest oil companies potentially sees the assets as commercial “in the fullness of time”. He rates Beach at outperform.

    He notes the price paid by Chevron implies a value on Beach’s shale gas properties of US$905 per acre, comparing favorably to the US$806 value implied by Beach’s acquisition of Adelaide Energy in 2011 and the US$272 million implied by BG Groups investment in some of Drillsearch Energy Cooper Basin assets.

    Mr Wood says that even with Monday’s 6% gain, Beach’s current share price implies the assets are worth just US$360 per acre.
watchlist Created with Sketch. Add ICN (ASX) to my watchlist
(20min delay)
Mkt cap $11.95M
Open High Low Value Volume
2.2¢ 2.2¢ 2.2¢ $27.66K 1.257M

Buyers (Bids)

No. Vol. Price($)
1 100000 2.1¢

Sellers (Offers)

Price($) Vol. No.
2.3¢ 263150 1
Last update - 15.59pm 19/12/2018 (20 minute delay) ?
0.00 ( 10.5 %)
Open High   Low Volume
2.1¢ 2.1¢   2.1¢ 42600
Last updated 12.05pm 19/12/2018 (live) ?
ICN (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.