would you buy a company with at best 20m recoverable barrels (40% of 50m). Market cap of 400m, that means you are paying $20 per barrel, before lifting costs, taxes. Not much margin left. Would have to be bullish on oil price to justify it
possible takeover target?, page-5
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Last
16.8¢ |
Change
-0.003(1.47%) |
Mkt cap ! $299.6M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.5¢ | $157.0K | 923.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 439313 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 261087 | 7 |
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| Last trade - 10.36am 09/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |