Sold Dorado, capital distribution. CVN is an explorer, not a producer.
Dorado was a massive hit when the sp was 9-10c and oil prices lower, a 1 in a 100 wild cat hit. Now after raising capital at prices significantly north of 16.5-17c (current spread), any investor who chipped in has been punished. Basically his strategy sucks and is capital depleting. Why take such risks if the reward is so paltry.
Ann: Dorado Project Update, page-36
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Last
16.5¢ |
Change
0.010(6.45%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $201.4K | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 888369 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1476114 | 9 |
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