Look it is not a worry for me. In a perverse sort of way I see the slump in POO as a positive for CVN. The fall in POO has taken me by surprise but I see more positives than negatives, mainly the still increasing demand for oil and the lack of developments over the past few years, its a very fine line to turn the POO up again. With new developments financiers will look at country risk and I am sure they would prefer Western Australia to say West Africa . CVN also fits the bill on lower development and production costs, compared to deep water development say off Brazil for example (seem to remember $50/ break even mentioned on that one). So CVN goes ahead with development while others are put on hold. CVN then moves towards production at the right time , hopefully on a rising price and shortage of supply. The only possible damage I see in the short term is the s/p moving lower..
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26 | 832115 | 0.150 |
17 | 390500 | 0.145 |
4 | 393750 | 0.140 |
6 | 502755 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 1044638 | 18 |
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