Yes you can see the over brought shareholder tears as we pay 0.43c a share.
CVN have a market cap of $293m, 3P reserves of 37 mmbbls, they are producing over 5000+ bopd at an average of US$58+/bbl, Operating costs per barrel are less than US$5 per barrel and they have around A$70m in the bank. Exploration potential of the current JV is a good decade from being exhausted.
Sure looks like not much scope or life left in CVN, the whole thing is overvalued!!! Better to buy vapour fume speculation stock than a producer like CVN. Please send me your unwanted stock and I will gladly pay to relieve such a burden out of your portfolio.
Recession or depression, good producing (profitable) energy stocks will bounce back first, and they will bounce back hard. IMHO CVN is a low risk investment that writes the rule book for well run and profitable oilers.
This is one of only 4 stock holdings that I have where I don't have to worry about the future of the companies value.
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Last
15.0¢ |
Change
0.010(7.14%) |
Mkt cap ! $268.3M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $155.3K | 1.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 530233 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 440281 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 530233 | 0.145 |
13 | 2235422 | 0.140 |
3 | 462000 | 0.135 |
4 | 529300 | 0.130 |
2 | 257503 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 440281 | 13 |
0.155 | 838157 | 15 |
0.160 | 1150434 | 18 |
0.165 | 225510 | 6 |
0.170 | 477678 | 10 |
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