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Strike Energy (ASX:STX) was the most-watched stock on HotCopper in 2024 with more than 6.49 million views from users from January through to December.
Perth-based energy and fertiliser company Strike had a rollercoaster calendar year that included everything from strong progress at its Erregulla Deep-1 discovery well to shelving a $3.3 billion project that would have supplied essential farming fertiliser because the company needed to find more gas.
That Erregulla Deep-1 well production test results came back as some of the “best ever” in the Perth basin, helping the company on to new heights again in 2024.
Today, the energy company sold at 20cps in the post-Christmas trading day.
In Strike managing director and CEO Stuart Nicholls’ eyes, all the focus Strike has had on HotCopper boils down to one thing though: It’s a “unique” play.
“We offer a very unique and competitive investment proposition to current and potential future shareholders where we’re not only Australia’s most active explorer for future natural gas suppliers, but we’ve also been a very successful developer and now producer of natural gas, having brought online the first Greenfield gas project in Western Australia in over a decade,” Mr Nicholls explained to HotCopper.
“Outside of that, we continue to break a lot of technical and operational feats, drilling the deepest well ever drilled in Australia’s history and making a major gas discovery there this year. We’ve also recently integrated some of our gas resources directly into power and so we’re a major participant in the state’s energy transition.
“I think there’s a fantastic opportunity to see the company grow from here.”
It’s not all been bells and whistles of course, with Strike hitting some major issues after a dry well in February rattled investor confidence, but Nicholls says they’ve bounced back well.
“It can’t be a straight line to success,” he explained, “or with a 100% success rate, so we have had our earlier issues this year but since this time we’ve delivered an absolutely amazing amount of great news.
“Not only have we made two new gas discoveries, [but] we’ve also taken a final investment decision at one of our flagship projects at South Arugula, we’ve maintained our status as a producer with 99% uptime, shot hundreds of kilometres of utility seismic, and honoured our fast-moving, entrepreneurial background.”
All this was talked about and followed closely on through HotCopper forums from the first trading day of the 2024 new year all the way through to the Christmas Day just gone – and that’s why it’s being so celebrated.
There were other stocks that came close of course, including Zip Co (ASX:ZIP) and Mesoblast (ASX:MSB), but Strike took out the crown in 2024.
For further analysis on most-watched Strike Energy, watch the video above.
Join the discussion. See what HotCopper users are saying about Strike Energy and be part of the conversations that move the markets.
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