And just when they've all gone bust 311cpm, (and especially now that the new cautious banks will be reluctant to lend, which normally enables them to turn the taps straight back on), watch the oil price "coincidentally" rise again.
How long will they need to keep feet on their shale necks to achieve this though?
Hard to say, but probably another couple of months in it.
Will this be bad for CVN?
Hell no!
All it'll mean is an oil price that'll be higher and stronger for longer. Probably at it's peak around when Dorado comes on.
Yep...."Lucky Carnarvon" strikes again.
OPEC Announces Oil Production Cuts, page-35
-
- There are more pages in this discussion • 150 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $304.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $1.073M | 6.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 490498 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 1505581 | 16 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |