Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Cue Energy Resources Limited ( (AU:CUE) ) has issued an announcement.
Cue Energy Resources has acknowledged Horizon Oil Limited’s intention to launch an off-market takeover offer for all Cue shares it does not already own, following Horizon’s announcement earlier in March. In response, Cue’s Independent Board Committee has engaged legal advisor Gilbert + Tobin and financial advisor Azure Capital to assess the proposal.
The offer has not yet opened, and the committee has reiterated that shareholders do not need to take any action at this stage. Cue plans to issue a Target’s Statement containing formal recommendations from committee members, ensuring shareholders receive it with sufficient time to evaluate their options before the offer period closes.
The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Cue Energy Resources Limited stock, see the AU:CUE Stock Forecast page.
More about Cue Energy Resources Limited
Cue Energy Resources Limited is an ASX-listed oil and gas production and exploration company based in Melbourne. The company generates revenue from gas and oil production in Indonesia’s Mahato and Sampang PSCs, Australia’s Mereenie, Palm Valley and Dingo fields, and New Zealand’s offshore Maari field, positioning it as a regional upstream energy producer.
Average Trading Volume: 442,408
Technical Sentiment Signal: Buy
Current Market Cap: A$94.47M
For an in-depth examination of CUE stock, go to TipRanks’ Overview page.