Looking at the recent SP fall, all I can see here is great value.
Assume the 2nd half attributable production is 500,000 boe. The way the current POO is trending it is not unlikely that $80/barrel oil will be realised- $40m in revenue. This will yield a GP of approx $28m. The forex loss in H1 will not increase as the USD$ will not continue to dive indefinitely.CVN could see a net profit before tax of $20m+ in H2.
The reserves growth at CVN in the last 3 years has been extraordinary so any further increases in 2P reserves will also boost value/sentiment. The last few days of panick selling could be the greatest buying opportunity in 2011 for CVN
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $277.3M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 15.0¢ | $170.6K | 1.137M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 196884 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 919211 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 177430 | 0.150 |
27 | 1141558 | 0.145 |
16 | 761214 | 0.140 |
7 | 580617 | 0.135 |
8 | 542117 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 901521 | 17 |
0.160 | 1287616 | 19 |
0.165 | 219060 | 5 |
0.170 | 797038 | 12 |
0.175 | 999235 | 8 |
Last trade - 12.13pm 06/09/2024 (20 minute delay) ? |
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CVN (ASX) Chart |