I don't think it is that simple. Because of the sliding tax/royalty system it means that their income will drop less than the amount POO does. As to exactly how much dunno - need to do some sums.
The other factor is that becuase of CVN's very low cost of production (~ $5 per barrel !?) and the sliding tax/royalty system - it means that CVN is much more attractive than most other oilers in a low POO environment. So there is potential for that to help support CVNs SP as well.
But ultimately who knows what people will buy and sell for!
patos 77c, page-6
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Last
15.8¢ |
Change
-0.003(1.56%) |
Mkt cap ! $281.7M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $84.32K | 527.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 872206 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 155834 | 6 |
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| Last trade - 15.07pm 16/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |