It is my understanding (i will double check when i have a moment) that cvn is receivingg 30 per cent less than West Texas spot - say $100.
Then subtract royalties, taxes, costs, etc and profit equals approx $30 bopd
Now, multiply $30 x 6000 bopd x 365 days and the net profit looks something like $65M per annum on revenue of $219M.
when will the selling end, page-4
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $357.7M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $377.2K | 1.884M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 517767 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 944125 | 15 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |