May 2024
Incitec’s Indonesian suitor has investors brushing up on Cooper’s woes
Indonesian state-owned businesses have not traditionally been major investors in Australia. When they have invested, it has not always turned out well.
September 2023
Gas producers appeal for reforms after Scarborough ruling
The court decision has implications for sovereign risk in Australia and will drive up project costs and delay schedules, commentators said.
East coast gas commitments fail to ease shortfall worries
The declarations by gas producers haven’t removed concerns about the increasing likelihood of supply shortages over the next several years.
July 2023
Gas code has only delayed new supply: producers
Some gas projects have been delayed by over 12 months, while much of gas marketing to customers has yet to resume.
May 2023
Top fundies name 16 stocks for tougher markets
Charlie Munger says it’s getting harder to find good returns, but these nine fund managers are looking far and wide for the next great companies.
February 2023
Cooper Energy puts go-slow on new gas project
Cooper Energy has again pushed out the final investment decision, blaming the Commonwealth’s gas intervention.
January 2023
Cooper Energy’s gas plant woes slash revenue by 17pc
The Adelaide-based company’s Orbost gas processing plant continues to be plagued by problems, and it’s impacting the top line.
December 2022
Women lead charge into energy and mining top jobs
A pre-Christmas flurry of appointments of women to CEO roles in the traditionally male-dominated sectors has shifted the dial after a year of stalled progress.
Cooper Energy taps Santos executive for top job
Jane Norman will start in March 2023 with a focus on turning around the fortunes of the struggling junior gas explorer.
October 2022
Unrealistic gas price caps not the answer, producers say
Gas buyers are again at odds with producers on the pricing available in the east coast market as debate rages over potential government intervention.
July 2022
Snowy gas power plants ordered off as crisis builds
The Australian Energy Market Operator ordered two works in Victoria to shut down in a further worsening of the energy emergency slamming the eastern states.
June 2022
Cooper Energy’s APA Orbost buy not cheap: Mac
Cooper Energy paid a high price to buy Orbost gas plant off APA Group, but its new debt leaves it in a better position for growth, according to Macquarie’s sell-side analysts.
APA Group signs 30-year deal for Kurri Kurri gas plant
The contract with APA accelerates the development of the gas plant that is earmarked to ease concerns about electricity supply as coal generators retire.
Cooper Energy’s brokers blasts terms for $244m raise
Cooper Energy’s brokers are splitting its $244 million equity raise to buy APA’s Orbost gas processing plant into an $84 million institutional placement, a $99 million institutional entitlement offer and a $61 million retail entitlement offer.
Cooper Energy plans $245m raising to buy APA’s Orbost
Cooper Energy’s set to brave wild equity markets and seek to raise $245 million fresh equity this week.
Cooper Energy warms up for APA’s Orbost gas plant
It is tying its shoelaces to make a sprint for APA Group’s gas processing plant before their transition agreement runs out on June 30.
May 2022
Cooper Energy gets earnings boost from gas crunch
Cooper Energy says it expects earnings during the 2022 financial year to total between $57 million and $68 million, up from its earlier estimate of $53 million-$63 million.
March 2022
Cooper Energy’s east coast gas plans leave investors unmoved
Management of the oil and gas explorer talked up its “significant potential” for bringing new gas supply online and the performance of its gas processing plants.
February 2022
All the profit results for February 21, 2022
Results briefing | News and analysis on today’s profit results from Adairs, Altium, Ampol, BlueScope, Chorus, Cooper Energy, Endeavour, GDI, Hansen, Helloworld, Latitude, Lendlease, Maca, NIB, Nuix, OZ Minerals, Reliance, SelfWealth, Senex, Silver Lake, Sonic Healthcare, Starpharma, Super Retail, Tyro, Viva. Find updated reports and analysis here.
December 2021
Fundies stay the course despite omicron risk
The COVID-19 variant has done severe damage to markets just a week after it was discovered, but many fund managers say it could be an opportunity and not a risk.