I have read similar regarding oil supply/demand, EL, and I don't believe we will see any slowing in demand to cause a "glut" and force lower prices. But I would be happy to see around $100bbl as that seems to be able to be tolerated by economies, without impacting too hard on inflationary costs.
Last year CVN put out qtrly rpt on 31/7, so I am hoping we see it today. It will contain good news as far as reserves and cash flow.
Come on CVN give us the news!!!
Other good sign today we seem to have the sellers absent in numbers of late. Hopefully this is the end of jpm flogging out an dthe beginning of a buying trend, and we will see sp appreciate for a while.
Also good to see some positive for metals especially zinc, which has been savaged recently, maybe a bottom?
cheers
Steve
long term price of oil, page-11
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Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 441949 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2048593 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |