Hi Folks,
I am no geologist, but I thought todays announcement hugely reduced the risk on this investment. Therefore a little suprised to see the retreat to 16 cents.
With just about all the other good stories I had been watching running away in front of me, and sitting on a heap of nickel proceeds, what was I to do? I topped up CVN again, by 25% at 16 cents. I won't buy more, this will either be a poor/mediocre investment, or it will jump to the front of my portfolio this year.
I"d like to believe ARQ will discover oil in the Canning - but I am not sure, I'd also like to believe many of the other good stories, but where are the odds as good as on CVN having a lot of oil AND being cashflow positive very soon.
When you start a program happy with 100 bopd wells, and get 700 bopd from these same cheap wells, that is absolutely great. I hope they can get enough road tankers!
Goodluck to all the patient.
EL
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $277.3M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $35.40K | 225.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 2032918 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 216933 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 2022918 | 0.155 |
17 | 1361260 | 0.150 |
18 | 763284 | 0.145 |
10 | 354919 | 0.140 |
2 | 437000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 216933 | 6 |
0.165 | 1293954 | 11 |
0.170 | 619544 | 10 |
0.175 | 1082962 | 9 |
0.180 | 597382 | 9 |
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