imo talk of $1 is premature, it would give CVN a larger market cap than POE. Maybe a big result for L44H-D2 will get us closer.
Even at 71c I make the ratio 46% CVN to 54% POE so feels like CVN is a little ahead of itself.
They don't have to sit at 40/60 but it does give a rough indication of how the 2 sets of investors are valuing the same asset.
The thing I'm most interested in is if they can complete the 200m horizontal in NS3-D1 ST and how the flow rate will compare to NS3-D1 (initially 434 bopd). This should give us an indication of what to expect from the upcoming horizontal wells.
good news week, page-8
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20.0¢ |
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Mkt cap ! $357.7M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $110.8K | 554.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1106170 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 221765 | 11 |
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| CVN (ASX) Chart |