anglo,
Yes, it is ridiculously low (if true).
I can recall a few years ago, WPL paying USD $2.2 per barrel to COP, for 2 C, for oil situated in West Africa. But that was when oil prices was floating around USD $22 to $26.
This deal value our oil (2C) at less USD $1 a barrel. And current Brent crude is around USD $72. And we are situated in shallow water and safe jurisdiction of Australia.
Something does not add up.
If we can, we should pre-empt and buy out the leases and on-sell it for at least USD $2 a barrel - making a 100% profits on that.
IMHO.
Santos Buy Quadrant US$2.15B, page-105
-
- There are more pages in this discussion • 166 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $259.4M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $260.6K | 1.776M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1647050 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 408931 | 6 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |