COE 0.00% 36.0¢ cooper energy limited

showing a lot of resilience

  1. 3,353 Posts.
    COE has been very resilient the past few weeks, holding steadfastly at 21.5/22. The oil price continues to stay above $40 which is good for their production at the various fields.

    I will be interested to see what their Qrtly report has to say in a few weeks time. At >$40 a barrel, this should provide plenty of cashflow for drilling in 2005 without eating into their equity.

    Is probably a more conservative play than many others, but not exactly going to be rattling the tin every six months either.
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