The new Gas and oil targets in the Bedout sub-basin have really shown the tremendous potential ahead in the Dorado / Pavo permits and the superb value this company CVN provides as a ' Takeover' target while Santos are also considering selling a slice.
We know the Korean company 'KNOC' are having a look now. Who else may suddenly pay attention in light of so many nearby targets? Maybe it becomes big enough for even the new 'Giant' Woodside to consider.
I see 5 brokers recommend this as a strong buy.
Morningstar 43 c - fair value Euroz still 85 c under review.
In addition
The company mentioned in their update of September 27 , 2022 that they were pursuing opportunities that may create cash flow well before Dorado / Pavo production.
In the short term this could also provide a healthy uptick in the share price.
Maybe above 25 c.
I wonder what targets may provide such immediate cash flow ?
CVN Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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