oil goes up, cvn goes down.
oil goes down, cvn goes down.
oil price will imho get to 100/bbl and hover there, as opec will reduce production to keep pace with consumption, if it drops.
I am beginning to wonder what is going on with cvn holders, as it is agressively sold off at every opportunity, any excuse.
Personally I can't see the reasons why, I may be blind but I just can't see it. cvn is down about 40% from highs, market is down about 28% from highs, we have been hit especially hard, why?
Profit margins are good, costs are low, reserves are increasing with exploration & many good tenements yet to be fully explored.
blaming the drop in oil for todays whack is bull%hit, nothing to it, cvn's sp is totally disconnected with poo.
musing's on a capitulation day in the market. Some bloody good bargains at the moment.
cheers
steve
panic stations, page-9
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $114.0K | 738.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 754956 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 2101629 | 12 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |