Ann: S&P DJI Announces March 2023 Quarterly Rebalance, page-6

The slow grinding decline in the share price has been disappointing and IMO somewhat unjustified. Perplexing to see a company like 88E with a slightly higher market cap now of 241mm and CVN languishing at 234mm when to the best of my recollection 88E has not managed to bring a single barrel of oil to surface in any of it's exploration wells and only has prospective resources as opposed to CVN's contingent resources. With CVN's cash now at around $179mm plus a $90mm USD carry on the development of Dorado and 88E 's cash only around $31 mm the relative market caps are out of whack.