Strike Energy's Share Price Mismatched With Portfolio Value -- Market Talk

Dow Jones
2025/06/27
 

2234 GMT - Strike Energy's share price is difficult to reconcile with the value of its asset portfolio, says Euroz Hartleys. It notes that Hancock Energy's A$450 million acquisition of 50% of the West Erregulla gas field in 2023 implies a valuation above Strike Energy's current market capitalization. "The market seems to be discounting either West Erregulla entirely, or everything else in the portfolio," says analyst Declan Bonnick. The most notable outcome of Strike Energy's strategic review was the positive shift in language around progressing the development of West Erregulla. Euroz Hartleys now sees that field starting up in mid-2028, a year later than it previously forecast. Strike Energy ended Thursday at 14.5 Australian cents. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

June 26, 2025 18:34 ET (22:34 GMT)

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