Cue Energy Resources Limited (CUE)

Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today » it's FREE! Already a member? Login now!

General Information
Company Name: Cue Energy Resources Limited
Stock Code: CUE
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 64
Equiv. Shares (M): 698

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.091 $ 0.090 $ 0.091 $ 0.090 $ 0.091 235,488 0%

Company Overview

Business Description:
Cue Energy Resources Limited (CUE) is an oil and gas exploration, development and production company with petroleum assets located in Australia, New Zealand, Indonesia and Papua New Guinea.

Strategy Analysis:
CUE's strategy is to grow through the acquisition of exploration areas and producing assets and participating in exploration and appraisal drilling. The company also aims to maintain a lean, cost effective organisation. CUE's production comes from the SE Gobe oil field in PNG and the Oyong field in Indonesia. Cue is also involved in the development of the Maari oil field in New Zealand which, from 13 October 2010, has been producing oil. Cue Energy Resources reported NPAT down 18.1% to $3.22m for the half-year ended 31 December 2012. Revenues from ordinary activities were $28.47m, up 41.4% from last year. Basic and Diluted EPS were 0.46 cents compared to 0.57 cents last year. Net operating cash flow was $17.45m compared to $10.77m last year. No dividend was declared.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A -2.2 -0.3 -- 0.0 0.0 0.0 --
2013  A 6.4 0.9 12.3 15.3 0.0 0.0 --
2012  A 5.7 0.8 -70.5 30.4 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Beach Energy (BPT) $1,317 M 0.8455 -0.3936 0.0515 5.1159 8.4372 8.0237 1.97 3.94 4.66
Cue Energy Resources (CUE) $63 M -- -- -- -- -- -- 0.00 -- --
Oil Search (OSH) $12,456 M 0.5489 1.2503 0.5998 47.8363 21.2578 13.2878 0.55 1.54 2.92
Santos (STO) $11,483 M 0.1518 0.1245 0.3917 22.5371 20.0411 14.4001 2.57 3.46 4.54
Woodside Petroleum (WPL) $31,679 M -0.0512 0.4517 -0.1688 16.6364 11.4602 13.7868 7.24 6.93 5.80

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
CUE -- -- 0.49 -- 1.87
Market 0.92 15.1 1.19 1.73 1.50
Sector 1.03 11.5 0.75 0.83 3.69

Name Position Start Date
Mr Geoffrey John King Non-Executive Chairman 24 November 2011
Mr Stuart Anthony Brown Non-Executive Director 24 July 2014
Ms Rowena Sylvester Non-Executive Director 30 May 2014
Mr Andrew Alexander Young Non-Executive Director,Interim Chief Executive Officer 13 December 2011

Name Position
David Biggs Chief Executive Officer
Andrew Melville Knox Chief Financial Officer,Company Secretary
Pauline Moffatt Joint Company Secretary

Substantial Shareholders
Holding Name
112,996,671 (16.19%) Singapore Petroleum Company Limited
189,023,314 (27.08%) Todd Petroleum Mining Company Ltd
59,566,296 (8.53%) Zeta Resources Ltd

Calendar of Events
Date Event
30 October 2015 Report (Quarterly)
09 October 2015 Report (Annual)
25 September 2015 Report (Annual)
25 August 2015 Report (Prelim)
27 July 2015 Report (Quarterly)
28 April 2015 Report (Quarterly)
19 February 2015 Report (Interim)
29 January 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at


Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Investing in Unlisted Property Trusts

A property trust allows you to buy 'units' in an investment operated by a professional investment manager. This Guide will help you understand the risks and decide whether to invest your money.

More details...


Australian Share Market - Close Up

CMC Markets 11/11/2014 | The Australian share market is in a decision zone - and trading from here may set the direction for the rest of the year.

Prices slashed - everything must go!

Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 | “If you want to have a better performance than the crowd, you must do things differently from the crowd.” Sir John Templeton.

Aussie share market bulls now have company

Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 | Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.

The Importance of Ignoring the Noise of the Market

Carl Richards, director of investor education at the BAM Alliance 17/10/2014 | “As odd as it may sound, the sooner you start treating your investments like you treat life, the happier you’ll be with the outcome.”

You only dance twice

William H. Gross, Janus Capital Group 16/10/2014 | “Financial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding “minus” 10 basis points.”

The Big Picture - Australia 200 Index

CMC Markets 8/10/2014 | Share market indices around the globe are breaking down. While analysts cast around for reasons, it’s clear that a time factor is in play. Simply put, many investors “feel” a correction is overdue. How low could it go?


Sponsored Links