AEL - Amplitude Energy

[roland]

In retrospect, April/May was a classic head and shoulders, followed by markdown until beginning of June, accumulation through July. Mark up from July until now - hope I can pick up the distribution and sell at a nice profit before the next mark down.

 

[greggles]

Cooper Energy looks like it might be ready to break out of a consolidation pattern it has been trading in over the last couple of months. Since early May it has been trading in a tight range between 35c and 39c but good news flow regarding its Sole Gas Project in the Gippsland Basin is starting to filter through.

Am keeping my eye on this one for a break above 40c.

 

[jjbinks]

Testing resistance at 50-51c on the weekly. Looking for BO

 

[Trav.]

I bought COE yesterday on BO, not much resistance here ( you have to go back to 2008 ) so hopefully we will see $0.70 tested soon

 

[Trav.]

Rig Mobilisation...

https://www.asx.com.au/asxpdf/20190729/pdf/446ylx6cwmrjzm.pdf

 

[rnr]

Purely speculation! That said, COE has just registered a triple bottom, so where to from here?

 

[Chronos-Plutus]

Rig Mobilisation...

https://www.asx.com.au/asxpdf/20190729/pdf/446ylx6cwmrjzm.pdf

View attachment 96444

I bought into COE the other day. Bought in @ 40 cents. Stock has been stuck in a downtrend channel for the year and looks ready to breakout.

Stock fundamentals look to support the downtrend channel breakout based on:
- Commissioning of the Orbost Gas Processing Plant has begun and gas production has recently started at 28 TJ/day with incremental ramp-up to a production target rate of 68 TJ/day (https://www.asx.com.au/asxpdf/20200522/pdf/44j128vhlnsppj.pdf)
- Cooper Energy is in a reasonably strong financial position with cash on hand at AUD$149 million and net debt at AUD$77million (https://www.asx.com.au/asxpdf/20200331/pdf/44gk0p54bz9cg1.pdf)

 

[Trav.]

@Chronos-Plutus I like this buy better. I think that you have timed it pretty well and if can break 44c then happy days.

 

[Dona Ferentes]

Cooper Energy is understood to have joined forces with Morgan Stanley Infrastructure Partners in its quest to buy Eni’s Australian energy assets that could be worth up to $1bn.

Morgan Stanley Infrastructure was always believed to be an eager acquirer of the portfolio, but has needed to find an operator to run the projects if it gained control of the assets.

Other parties said to be in the final round of the competition are Macquarie Group and Neptune Energy, backed by The Carlyle Group, and MedcoEnergi.

Expect a cap raising

 

[bux2000]

With a chart showing what could be a breakout and the uncertainty surrounding fuel supplies a long with a recent upturn in oil and gas prices I am hoping COE may go well for my October Stock Pick. ?

bux

 

[tech/a]

On the topic of oil. Ill throw one in I like.

If I trade it Ill post up Buy stops etc.
(Whats would you do?)

Live LARGE

 

[tech/a]

My apologies for not following up on this and the HZN trade.
I traded both and Broke even on this trade and a small loss on HZN.

 

[bux2000]

Hi Tech,

It is very nice to hear from you. I trust you got over your Flu OK.

Yes I am out of HZN as well with small loss

Butbut long story ....and yes I know ....still in COE with break even at .26c

bux

 

[Telamelo]

COE another gas stock powering higher now @ 0.31c +5.08% upgraded it's guidance & sales the other day therefore increased cash flow $$

 

[Telamelo]

COE @ 0.315c +6.78 on big volume/momentum - on the verge of a 1 year breakout on chart!

 

[Telamelo]

Energy stock.. COE @ 0.265c +6% on huge volume/momentum etc.
(record gas prices no doubt spurring this on imo)

DYOR & due diligence..

Cheers tela

 

[System]

On November 12th, 2024, Cooper Energy Limited (COE) changed its name and ASX code to Amplitude Energy Limited (AEL).

 

[Dona Ferentes]

ha! the old COE

(Mitsui E&P agreed to sell its interests in gas ventures with Amplitude in Victoria’s Otway Basin to OG for an undisclosed sum)

- Amplitude Energy and O.G. Energy enter binding joint venture arrangements to progress the East Coast Supply Project on a 50/50 basis to deliver additional gas supply to the structurally short East Coast market
- The Boards of Amplitude Energy and O.G. Energy have approved the ECSP three-well drilling program
- ECSP is targeting supply of up to 90 TJ/day through the existing Athena Gas Plant from 2028, subject to regulatory approvals, final investment decisions and successful execution, equivalent to the demand of >600,000 Victorian homes, and assisting with potential gas supply shortfalls as highlighted by AEMO
- O.G. Energy to fund its 50% share of point-forward ECSP costs with immediate effect and reimburse Amplitude Energy 50% of historic project costs, equating to approximately A$25 million
- Alignment of Amplitude Energy’s offshore Otway Basin interests with O.G. Energy, including ownership of the VIC/P44 title containing the Annie discovery and VIC/P76 title containing the Nestor prospect
- ECSP Phase 1 cost estimate of A$240 – 270 million and Phase 2 preliminary cost indication of A$140 –185 million, both net to AEL’s 50% share on a point-forward basis, comfortably funded from existing cash, organic underlying free cashflow generation and the company’s bank debt facility