Astute investors, including some institutions will be hoping for a bargain buying opportunity on Wednesday.
Think about it. On 3 December Hartleys issued an analyst report (see CVN web site) with a valuation of 89c. Removing the Wichian Buri outcome takes 9c off the valuation according to the Hartleys report. BUT, this report was produced before the terrific L44H-D1 annoucement of a record production at 3,940 bopd. Add to that the non-stop drilling programme in a proven low risk / high impact field.
So IMO, I can see a few fund managers saying "BUY" today after the nervous Nellies react based upon a single announcement.
buying opportunity with valuation over 80 c
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20.0¢ |
Change
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Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $59.73K | 298.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1789407 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 371743 | 13 |
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| CVN (ASX) Chart |